Foodbank Inc

Analysis

Foodbank Inc is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Foodbank Inc reported income of $34.0m and spending of $31.0m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.0m to $34.0m (+55%), an average of +12% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodbank Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within OH. Charities of a similar size with the same main cause include Suncoast Pace Inc ($34.0m), Brians House Incorporated ($34.1m) and Heart of Alabama Food Bank ($34.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $243k (0.8% of expenses). Other salaries and wages came to $2.5m. At year end it held assets of $23.8m against liabilities of $297k, net assets of $23.5m. It reported 86 employees.