Foodbank of Southern California

Analysis

Foodbank of Southern California is a registered charity in United States, based in Long Beach, CA. It received its IRS tax-exemption ruling in May 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 2024, Foodbank of Southern California reported income of $59.7m and spending of $51.3m, spending 86% of its income. Across the 6 years on record, from June 2019 to June 2024, income fell from $61.8m to $59.7m (-3.4%), an average of -0.7% a year. The sharpest change came in the year to June 2020, when income rose by 24%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Foodbank of Southern California 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 CA. Charities of a similar size with the same main cause include Graham-Windham ($59.5m), McGregor Pace ($59.7m) and Elder Services of Cape Cod and the Islands Inc ($59.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $160k (0.3% of expenses). Other salaries and wages came to $694k. At year end it held assets of $17.9m against liabilities of $86k, net assets of $17.9m.