Food Bank Of Central New York
Food Bank Of Central New York: Strong Program Spending, but Transparency Lacking on Key Details
EIN: 222816988 · Syracuse, NY · NTEE: K31 · Updated: 2026-04-04
About Food Bank Of Central New York
Food Bank Of Central New York (EIN: 222816988) is a nonprofit organization based in Syracuse, NY, classified under NTEE code K31. The organization reported total revenue of $47.2M and total assets of $29.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food Bank Of Central New York's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Food Bank Of Central New York with a Mission Score of 85 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: 5%
- programs: 89%
- fundraising: 6%
According to IRS 990 filings, Food Bank Of Central New York allocates its expenses as follows: admin: 5%, programs: 89%, fundraising: 6%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
The CEO's compensation of $180,176 in 2024 appears reasonable given the organization's size and revenue of $49.7 million, representing less than 0.4% of total expenses.
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.
Red Flags
The following concerns were identified during AI analysis of Food Bank Of Central New York's IRS 990 filings:
- Lack of detailed program impact metrics beyond pounds of food distributed makes it difficult to fully assess effectiveness.
- The organization's website does not clearly outline the process for board member selection or term limits.
Strengths
The following positive indicators were identified for Food Bank Of Central New York:
- Consistently high program spending, with 89% of expenses dedicated to programs in 2024.
- Strong financial health with growing assets and consistent revenue streams.
- Clear mission focus on addressing food insecurity in Central New York.
- Low administrative and fundraising costs, indicating efficient operations.
Frequently Asked Questions about Food Bank Of Central New York
What does Food Bank Of Central New York do?
Food Bank Of Central New York is a nonprofit organization in the Food, Agriculture & Nutrition sector, located in Syracuse, New York. It is classified under NTEE code K31.
How much revenue does Food Bank Of Central New York have?
Food Bank Of Central New York reported total revenue of $47,244,494. Based on 14 IRS 990 filings on record.
What are Food Bank Of Central New York's total assets?
Food Bank Of Central New York holds total assets of $29,073,035 as reported in IRS 990 filings.
Where is Food Bank Of Central New York located?
Food Bank Of Central New York is based in Syracuse, New York.
What is Food Bank Of Central New York's EIN?
Food Bank Of Central New York's Employer Identification Number (EIN) is 222816988. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Food Bank Of Central New York?
Food Bank Of Central New York is classified under NTEE code K31 (Food, Agriculture & Nutrition).
Is Food Bank Of Central New York a registered 501(c)(3)?
Yes, Food Bank Of Central New York is recognized as a tax-exempt organization by the IRS. EIN: 222816988.
Does Food Bank Of Central New York file IRS Form 990?
Yes, Food Bank Of Central New York has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Food Bank Of Central New York's revenue in 2024?
In the 202406 filing period, Food Bank Of Central New York reported total revenue of $49,740,998, total expenses of $44,452,932, and net assets of $29,167,649.
Is Food Bank Of Central New York's revenue growing or declining?
Food Bank Of Central New York's revenue is growing. Revenue went from $38,127,916 (202306) to $49,740,998 (202406), a +30.5% change. Based on 14 filings on record.
What is Food Bank Of Central New York's most recent 990 filing?
The most recent IRS Form 990 filing for Food Bank Of Central New York covers tax period 202406. It shows revenue of $49,740,998, expenses of $44,452,932, total assets of $29,167,649, and liabilities of $1,801,764.
How much does Food Bank Of Central New York spend on programs vs administration?
Based on IRS 990 analysis, Food Bank Of Central New York allocates approximately 89% of expenses to program services, 5% to administrative costs, and 6% to fundraising. This indicates strong program focus.
Is Food Bank Of Central New York a trustworthy charity?
Based on AI analysis of IRS 990 data, Food Bank Of Central New York appears trustworthy. Mission Score: 85/100 (Excellent). 2 red flags identified. 4 strengths noted.
What are the red flags for Food Bank Of Central New York?
The following concerns were identified: Lack of detailed program impact metrics beyond pounds of food distributed makes it difficult to fully assess effectiveness.. The organization's website does not clearly outline the process for board member selection or term limits.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Food Bank Of Central New York's strengths?
Positive indicators for Food Bank Of Central New York include: Consistently high program spending, with 89% of expenses dedicated to programs in 2024.. Strong financial health with growing assets and consistent revenue streams.. Clear mission focus on addressing food insecurity in Central New York.. Low administrative and fundraising costs, indicating efficient operations.. These findings are derived from AI analysis of the organization's financial filings.
How does Food Bank Of Central New York compensate executives?
The CEO's compensation of $180,176 in 2024 appears reasonable given the organization's size and revenue of $49.7 million, representing less than 0.4% of total expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the Food Bank Of Central New York ensure equitable distribution of food resources across its service area, particularly to underserved communities?
While the filings show significant food distribution, the available data does not detail specific strategies or metrics for equitable distribution to various communities within their service area.
What specific initiatives or partnerships are in place to address the root causes of food insecurity, beyond direct food provision?
The provided data primarily focuses on financial metrics and food distribution. There is no explicit mention of programs or partnerships aimed at addressing the systemic causes of food insecurity, such as job training or advocacy.
Filing History
IRS 990 filing history for Food Bank Of Central New York showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Food Bank Of Central New York's revenue has grown by 192.5%, moving from $17.0M to $49.7M. Total assets increased by 224.3% over the same period, from $9.0M to $29.2M. Total functional expenses rose by 171.8%, from $16.4M to $44.5M. In its most recent filing year (2024), Food Bank Of Central New York reported a surplus of $5.3M, with revenue exceeding expenses. The organization holds $1.8M in liabilities against $29.2M in assets (debt-to-asset ratio: 6.2%), resulting in net assets of $27.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2024 | $49.7M | $44.5M | $29.2M | $1.8M | — | View 990 |
| 2023 | $38.1M | $36.2M | $23.0M | $1.0M | — | View 990 |
| 2022 | $35.8M | $34.9M | $20.8M | $840K | — | View 990 |
| 2021 | $46.1M | $40.0M | $19.9M | $898K | — | View 990 |
| 2020 | $38.8M | $34.3M | $17.1M | $4.2M | — | View 990 |
| 2019 | $28.9M | $27.7M | $11.1M | $2.7M | — | View 990 |
| 2018 | $26.7M | $26.5M | $9.9M | $2.8M | — | — |
| 2017 | $26.2M | $26.0M | $10.2M | $3.1M | — | View 990 |
| 2016 | $24.9M | $23.7M | $10.0M | $3.1M | — | View 990 |
| 2015 | $27.4M | $27.5M | $8.6M | $3.0M | — | View 990 |
| 2014 | $27.9M | $28.5M | $8.5M | $2.8M | — | View 990 |
| 2013 | $25.1M | $24.1M | $9.3M | $3.0M | — | View 990 |
| 2012 | $20.1M | $20.6M | $8.6M | $3.2M | — | View 990 |
| 2011 | $17.0M | $16.4M | $9.0M | $3.6M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $49.7M, expenses of $44.5M, and assets of $29.2M (revenue +30.5% year-over-year).
- 2023: Revenue of $38.1M, expenses of $36.2M, and assets of $23.0M (revenue +6.4% year-over-year).
- 2022: Revenue of $35.8M, expenses of $34.9M, and assets of $20.8M (revenue -22.2% year-over-year).
- 2021: Revenue of $46.1M, expenses of $40.0M, and assets of $19.9M (revenue +18.8% year-over-year).
- 2020: Revenue of $38.8M, expenses of $34.3M, and assets of $17.1M (revenue +34.1% year-over-year).
- 2019: Revenue of $28.9M, expenses of $27.7M, and assets of $11.1M (revenue +8.4% year-over-year).
- 2018: Revenue of $26.7M, expenses of $26.5M, and assets of $9.9M (revenue +1.6% year-over-year).
- 2017: Revenue of $26.2M, expenses of $26.0M, and assets of $10.2M (revenue +5.2% year-over-year).
- 2016: Revenue of $24.9M, expenses of $23.7M, and assets of $10.0M (revenue -9.0% year-over-year).
- 2015: Revenue of $27.4M, expenses of $27.5M, and assets of $8.6M (revenue -1.7% year-over-year).
- 2014: Revenue of $27.9M, expenses of $28.5M, and assets of $8.5M (revenue +11.0% year-over-year).
- 2013: Revenue of $25.1M, expenses of $24.1M, and assets of $9.3M (revenue +24.7% year-over-year).
- 2012: Revenue of $20.1M, expenses of $20.6M, and assets of $8.6M (revenue +18.3% year-over-year).
- 2011: Revenue of $17.0M, expenses of $16.4M, and assets of $9.0M.
Data Sources and Methodology
This transparency report for Food Bank Of Central New York 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.