Southeast Alaska Food Bank

Analysis

Southeast Alaska Food Bank is a registered charity in United States, based in Juneau, AK. It received its IRS tax-exemption ruling in August 1999, 27 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, Southeast Alaska Food Bank reported income of $1.5m and spending of $1.5m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $381k to $1.5m (+289%), an average of +57% a year. The sharpest change came in the year to June 2021, when income rose by 64%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Southeast Alaska Food Bank sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within AK. Charities of a similar size with the same main cause include Mexican Coalition for the Empowerment of Youth and Families ($1.5m), Jamaica Relief Ministries Inc ($1.5m) and Exploration Station ($1.5m).

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 $116k (7.7% of expenses). At year end it held assets of $1.7m against liabilities of $36k, net assets of $1.6m. It reported 4 employees.