Oregon Food Bank Inc

Analysis

Oregon Food Bank Inc is a registered charity in United States, based in Portland, OR. It received its IRS tax-exemption ruling in February 1982, 44 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, Oregon Food Bank Inc reported income of $109.0m and spending of $111.9m, spending 103% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $76.5m to $109.0m (+42%), an average of +9.2% a year. The sharpest change came in the year to June 2020, when income rose by 40%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Oregon Food Bank Inc 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 OR. Charities of a similar size with the same main cause include Pheaa Student Loan Foundation Inc ($108.9m), Institute of Nuclear Power Operations ($109.4m) and Agrace Hospicecare Incorporated ($107.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 97% and program service revenue 1.9% of the total. Compensation of current officers, directors and key employees was $374k (0.3% of expenses). Other salaries and wages came to $19.1m. It paid $740k in professional fundraising fees. At year end it held assets of $88.8m against liabilities of $4.8m, net assets of $84.0m. It reported 270 employees.