Fairbanks Community Food Bank Service Inc

Analysis

Fairbanks Community Food Bank Service Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in June 1983, 43 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, Fairbanks Community Food Bank Service Inc reported income of $7.7m and spending of $6.8m, spending 89% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.2m to $7.7m (+514%), an average of +57% a year. The sharpest change came in the year to June 2022, when income rose by 220%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fairbanks Community Food Bank Service Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within AK. Charities of a similar size with the same main cause include St John Lutheran Home ($7.7m), Slough Farm Foundation ($7.7m) and United Cerebral Palsy Assoc of Putnam & Southern Dutchess ($7.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 2.5% of the total. Compensation of current officers, directors and key employees was $89k (1.3% of expenses). Other salaries and wages came to $862k. It paid $78k in professional fundraising fees. At year end it held assets of $11.7m against liabilities of $163k, net assets of $11.6m. It reported 54 employees.