Food Bank Support Corporation

Analysis

Food Bank Support Corporation is a registered charity in United States, based in Chicopee, MA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a supporting organisation (type iii functionally integrated) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Food Bank Support Corporation reported income of $124k and spending of $66k, leaving 47% of income unspent that year. Across the 2 years on record, from September 2022 to September 2023, income fell from $1.2m to $124k (-90%), an average of -90% a year. The sharpest change came in the year to September 2023, when income dropped by 90%. Over the whole period it spent 4.8% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Bank Support Corporation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 48th percentile within MA. Charities of a similar size with the same main cause include Unidos Sin Fronteras Inc ($124k), Womenone Ltd ($124k) and Curry Lane Housing Corporation ($124k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 93% of the total. At year end it held assets of $24.1m against liabilities of $22.8m, net assets of $1.3m.