Food Bank For New York City
Food Bank For New York City consistently directs funds to programs with zero reported officer compensation.
EIN: 133179546 · Bronx, NY · NTEE: S50 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $221.5M |
| Total Expenses | $168.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $100 |
| Net Assets | $43.5M |
| Transparency Score | 95/100 |
Is Food Bank For New York City Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Food Bank For New York City directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Food Bank For New York City
Food Bank For New York City (EIN: 133179546) is a nonprofit organization based in Bronx, NY, classified under NTEE code S50. The organization reported total revenue of $221.5M and total assets of $79.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food Bank For New York City's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Food Bank For New York City is a major nonprofit that has been operating for 43 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 7.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $164.3M |
| Total Expenses | $168.7M |
| Surplus / Deficit | $-4,394,273 |
| Total Assets | $86.5M |
| Total Liabilities | $43.0M |
| Net Assets | $43.5M |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 49.7% |
| Months of Reserves | 6.2 months |
Financial Health Grade: B
In 2023, Food Bank For New York City reported a deficit of $4.4M with expenses exceeding revenue, holds 6.2 months of operating reserves (strong position), has a debt-to-asset ratio of 49.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Food Bank For New York City's revenue has grown at a compound annual growth rate (CAGR) of 7.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -12.2% | -10.3% | +39.3% |
| 2022 | -16.8% | -10.6% | -10.9% |
| 2021 | +55.5% | +71.7% | +22.1% |
| 2020 | +189.5% | +144.9% | +190.7% |
| 2019 | -27.9% | -26.0% | -3.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1983 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Food Bank For New York City with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Food Bank For New York City allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 49.7%.
Executive Compensation Analysis
Executive compensation is consistently reported as 0% across all available filings, which is exceptional for an organization with annual revenues exceeding $100 million in recent years, demonstrating a strong commitment to directing resources to its mission.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Food Bank For New York City:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
- Significant growth in assets from $19,624,022 in 2019 to $86,494,065 in 2023, demonstrating strong financial health.
- Substantial revenue figures, such as $224,744,277 in 2021, indicating strong donor support and operational scale.
- Clear alignment between NTEE code (S50 - Food Banks) and organizational mission.
- High program spending ratio, ensuring the majority of funds directly support charitable activities.
Frequently Asked Questions about Food Bank For New York City
Is Food Bank For New York City a legitimate charity?
Food Bank For New York City (EIN: 133179546) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $221.5M. No red flags identified. 5 strengths noted. Financial health grade: B.
How does Food Bank For New York City spend its money?
Food Bank For New York City directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Food Bank For New York City tax-deductible?
Food Bank For New York City is registered as a tax-exempt nonprofit (EIN: 133179546). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Food Bank For New York City CEO make?
Food Bank For New York City's highest-compensated officer earns $100 annually. The organization reported $221.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Food Bank For New York City's spending goes to programs?
Food Bank For New York City directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Food Bank For New York City compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Food Bank For New York City is above average for NTEE category S50 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Food Bank For New York City located?
Food Bank For New York City is headquartered in Bronx, New York and files with the IRS under EIN 133179546. It is classified under NTEE code S50.
How many years of IRS 990 filings does Food Bank For New York City have?
Food Bank For New York City has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $221.5M in total revenue.
Is Food Bank For New York City a good charity?
Yes, based on the available IRS 990 data, Food Bank For New York City appears to be a highly effective and transparent charity. It consistently reports 0% officer compensation, indicating that all funds are directed towards its mission. Its program spending is very high, and its assets have grown significantly, demonstrating strong financial health and capacity to serve.
How has Food Bank For New York City's revenue changed over time?
Food Bank For New York City has experienced significant revenue growth, particularly from 2019 ($49,922,283) to 2021 ($224,744,277), indicating a substantial increase in support and operations during that period. While there has been some fluctuation, recent revenues remain very high, such as $164,260,366 in 2023.
What is the organization's financial stability?
The organization demonstrates strong financial stability. Its assets have grown substantially from $19,624,022 in 2019 to $86,494,065 in 2023, and its liabilities are well-managed relative to its assets (e.g., $42,961,631 liabilities against $86,494,065 assets in 2023). This indicates a healthy balance sheet and capacity for long-term operations.
Filing History
IRS 990 filing history for Food Bank For New York City showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Food Bank For New York City's revenue has grown by 126%, moving from $72.7M to $164.3M. Total assets increased by 328.7% over the same period, from $20.2M to $86.5M. Total functional expenses rose by 139.7%, from $70.4M to $168.7M. In its most recent filing year (2023), Food Bank For New York City reported a deficit of $4.4M, with expenses exceeding revenue. The organization holds $43.0M in liabilities against $86.5M in assets (debt-to-asset ratio: 49.7%), resulting in net assets of $43.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $164.3M | $168.7M | $86.5M | $43.0M | — | — |
| 2022 | $187.1M | $188.0M | $62.1M | $14.3M | — | View 990 |
| 2021 | $224.7M | $210.3M | $69.7M | $20.8M | — | — |
| 2020 | $144.5M | $122.5M | $57.0M | $22.6M | — | View 990 |
| 2019 | $49.9M | $50.0M | $19.6M | $7.2M | — | View 990 |
| 2018 | $69.2M | $67.5M | $20.4M | $7.9M | — | View 990 |
| 2017 | $81.5M | $82.1M | $18.7M | $7.9M | — | View 990 |
| 2016 | $83.9M | $86.4M | $18.9M | $7.4M | — | View 990 |
| 2015 | $87.1M | $89.7M | $21.9M | $7.0M | — | View 990 |
| 2014 | $81.2M | $80.5M | $23.4M | $6.0M | — | View 990 |
| 2013 | $73.7M | $74.1M | $23.6M | $6.9M | — | View 990 |
| 2012 | $75.3M | $75.0M | $21.9M | $4.8M | — | View 990 |
| 2011 | $72.7M | $70.4M | $20.2M | $4.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $164.3M, expenses of $168.7M, and assets of $86.5M (revenue -12.2% year-over-year).
- 2022: Revenue of $187.1M, expenses of $188.0M, and assets of $62.1M (revenue -16.8% year-over-year).
- 2021: Revenue of $224.7M, expenses of $210.3M, and assets of $69.7M (revenue +55.5% year-over-year).
- 2020: Revenue of $144.5M, expenses of $122.5M, and assets of $57.0M (revenue +189.5% year-over-year).
- 2019: Revenue of $49.9M, expenses of $50.0M, and assets of $19.6M (revenue -27.9% year-over-year).
- 2018: Revenue of $69.2M, expenses of $67.5M, and assets of $20.4M (revenue -15.0% year-over-year).
- 2017: Revenue of $81.5M, expenses of $82.1M, and assets of $18.7M (revenue -2.9% year-over-year).
- 2016: Revenue of $83.9M, expenses of $86.4M, and assets of $18.9M (revenue -3.6% year-over-year).
- 2015: Revenue of $87.1M, expenses of $89.7M, and assets of $21.9M (revenue +7.2% year-over-year).
- 2014: Revenue of $81.2M, expenses of $80.5M, and assets of $23.4M (revenue +10.3% year-over-year).
- 2013: Revenue of $73.7M, expenses of $74.1M, and assets of $23.6M (revenue -2.1% year-over-year).
- 2012: Revenue of $75.3M, expenses of $75.0M, and assets of $21.9M (revenue +3.6% year-over-year).
- 2011: Revenue of $72.7M, expenses of $70.4M, and assets of $20.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Food Bank For New York City:
Data Sources and Methodology
This transparency report for Food Bank For New York City is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.