Los Angeles Regional Food Bank

Analysis

Los Angeles Regional Food Bank is a registered charity in United States, based in Vernon, CA. It received its IRS tax-exemption ruling in September 1977, 49 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 December 2023, Los Angeles Regional Food Bank reported income of $259.2m and spending of $253.5m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $131.4m to $259.2m (+97%), an average of +18% a year. The sharpest change came in the year to December 2020, when income rose by 188%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Los Angeles Regional Food Bank 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 100th percentile, and in the 100th percentile within CA. Charities of a similar size with the same main cause include Trinity Health System ($255.8m), Services for the Underserved Inc ($261.0m) and Florida Hospital Healthcare Partners Inc ($255.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 0.4% of the total. Compensation of current officers, directors and key employees was $1.6m (0.6% of expenses). Other salaries and wages came to $16.3m. At year end it held assets of $161.6m against liabilities of $42.3m, net assets of $119.2m. It reported 230 employees.