Utah Food Bank

Analysis

Utah Food Bank is a registered charity in United States, based in S Salt Lake, UT. It received its IRS tax-exemption ruling in July 1959, 67 years ago. 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, Utah Food Bank reported income of $144.9m and spending of $132.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $86.1m to $144.9m (+68%), an average of +14% a year. The sharpest change came in the year to June 2021, when income rose by 46%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Utah Food Bank sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 100th percentile within UT. Charities of a similar size with the same main cause include Bay Cove Human Services Inc ($144.9m), Rosalind Franklin University of Medicine & Science ($145.6m) and Cna Corporation ($142.4m).

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 $773k (0.6% of expenses). Other salaries and wages came to $7.1m. It paid $183k in professional fundraising fees. At year end it held assets of $89.0m against liabilities of $3.4m, net assets of $85.6m. It reported 177 employees.