The Food Bank of Northern Nevada Inc

Analysis

The Food Bank of Northern Nevada Inc is a registered charity in United States, based in Sparks, NV. It received its IRS tax-exemption ruling in January 1984, 42 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, The Food Bank of Northern Nevada Inc reported income of $52.6m and spending of $50.1m, spending 95% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $39.9m to $52.6m (+32%), an average of +7.1% a year. The sharpest change came in the year to June 2020, when income rose by 23%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Food Bank of Northern Nevada Inc sits at the 99th 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 99th percentile within NV. Charities of a similar size with the same main cause include United Community Center Inc ($52.6m), Area Agency on Aging Planning and Service Area 2 ($52.7m) and Luthercare ($52.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $337k (0.7% of expenses). Other salaries and wages came to $3.4m. It paid $299k in professional fundraising fees. At year end it held assets of $32.1m against liabilities of $1.4m, net assets of $30.7m. It reported 123 employees.