Food Bank Of Lower Fairfield County Inc
Food Bank Of Lower Fairfield County Inc shows strong financial health with consistent surpluses and zero reported officer compensation.
EIN: 20684220 · Stamford, CT · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.5M |
| Total Expenses | $2.7M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $9.1M |
| Transparency Score | 92/100 |
Is Food Bank Of Lower Fairfield County Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Food Bank Of Lower Fairfield County Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Food Bank Of Lower Fairfield County Inc
Food Bank Of Lower Fairfield County Inc (EIN: 20684220) is a nonprofit organization based in Stamford, CT, classified under NTEE code K31. The organization reported total revenue of $3.5M and total assets of $9.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food Bank Of Lower Fairfield County Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Food Bank Of Lower Fairfield County Inc is a mid-size nonprofit that has been operating for 23 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of -0.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $2.7M |
| Surplus / Deficit | +$729K |
| Total Assets | $9.2M |
| Total Liabilities | $72K |
| Net Assets | $9.1M |
| Operating Margin | 21.1% |
| Debt-to-Asset Ratio | 0.8% |
| Months of Reserves | 40.4 months |
Financial Health Grade: A
In 2024, Food Bank Of Lower Fairfield County Inc reported a surplus of $729K with revenue exceeding expenses, holds 40.4 months of operating reserves (strong position), has a debt-to-asset ratio of 0.8% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Food Bank Of Lower Fairfield County Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +5.1% | -1.6% | +8.7% |
| 2023 | -8.5% | +0.0% | +6.3% |
| 2022 | -32.0% | -23.7% | +11.8% |
| 2021 | +17.8% | +21.7% | +26.6% |
| 2020 | +44.4% | -3.4% | +33.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2003 |
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 Of Lower Fairfield County Inc with a Mission Score of 92 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: 90%
- fundraising: 5%
According to IRS 990 filings, Food Bank Of Lower Fairfield County Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $729K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size with over $3 million in annual revenue and over $9 million in assets. This suggests either a fully volunteer-led executive team or that executive compensation is categorized differently, warranting further investigation for complete transparency.
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 Lower Fairfield County Inc's IRS 990 filings:
- Consistent 0% officer compensation reported, which is highly unusual for an organization of this scale and warrants further clarification on executive leadership structure and compensation practices.
Strengths
The following positive indicators were identified for Food Bank Of Lower Fairfield County Inc:
- Consistent financial surpluses, with revenue exceeding expenses in all reported periods.
- Strong and growing asset base, increasing from $4,086,043 in 201506 to $9,171,292 in 202406.
- Very low liabilities relative to assets, indicating strong financial stability ($71,820 in 202406 vs. $9,171,292 in assets).
- Consistent reporting of 0% officer compensation, suggesting a high dedication of funds to mission-related activities.
- Long history of IRS 990 filings (14 filings), demonstrating consistent transparency.
Frequently Asked Questions about Food Bank Of Lower Fairfield County Inc
Is Food Bank Of Lower Fairfield County Inc a legitimate charity?
Food Bank Of Lower Fairfield County Inc (EIN: 20684220) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $3.5M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Food Bank Of Lower Fairfield County Inc spend its money?
Food Bank Of Lower Fairfield County Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Food Bank Of Lower Fairfield County Inc tax-deductible?
Food Bank Of Lower Fairfield County Inc is registered as a tax-exempt nonprofit (EIN: 20684220). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Food Bank Of Lower Fairfield County Inc CEO make?
Food Bank Of Lower Fairfield County Inc's highest-compensated officer earns $3 annually. The organization reported $3.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Food Bank Of Lower Fairfield County Inc's spending goes to programs?
Food Bank Of Lower Fairfield County Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Food Bank Of Lower Fairfield County Inc compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Food Bank Of Lower Fairfield County Inc is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Food Bank Of Lower Fairfield County Inc located?
Food Bank Of Lower Fairfield County Inc is headquartered in Stamford, Connecticut and files with the IRS under EIN 20684220. It is classified under NTEE code K31.
How many years of IRS 990 filings does Food Bank Of Lower Fairfield County Inc have?
Food Bank Of Lower Fairfield County Inc has 14 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 $3.5M in total revenue.
Is Food Bank Of Lower Fairfield County Inc a good charity?
Based on the provided data, the Food Bank Of Lower Fairfield County Inc appears to be a very good charity. It consistently generates surpluses, has growing assets, and reports 0% officer compensation, indicating strong financial management and a high dedication to its mission.
How does the organization manage to report 0% officer compensation?
The consistent reporting of 0% officer compensation is highly unusual. It could mean that the organization is entirely run by volunteers at the executive level, or that executive compensation is paid by a related entity, or categorized under other expenses. Further inquiry into their operational structure would clarify this.
What is the trend in the organization's revenue and expenses?
Revenue has fluctuated, peaking at $5,282,972 in 202106 and $5,588,402 in 201506, but has remained strong, with the latest period (202406) at $3,453,373. Expenses have generally been lower than revenue, leading to consistent surpluses, with the latest expenses at $2,724,842.
How has the organization's asset base changed over time?
The organization's assets have shown consistent growth, increasing from $4,086,043 in 201506 to $9,171,292 in 202406, indicating strong financial accumulation and stability.
Filing History
IRS 990 filing history for Food Bank Of Lower Fairfield County Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Food Bank Of Lower Fairfield County Inc's revenue has declined by 11.6%, moving from $3.9M to $3.5M. Total assets increased by 285.8% over the same period, from $2.4M to $9.2M. Total functional expenses fell by 22.7%, from $3.5M to $2.7M. In its most recent filing year (2024), Food Bank Of Lower Fairfield County Inc reported a surplus of $729K, with revenue exceeding expenses. The organization holds $72K in liabilities against $9.2M in assets (debt-to-asset ratio: 0.8%), resulting in net assets of $9.1M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $3.5M | $2.7M | $9.2M | $72K | — | View 990 |
| 2023 | $3.3M | $2.8M | $8.4M | $65K | — | View 990 |
| 2022 | $3.6M | $2.8M | $7.9M | $81K | — | View 990 |
| 2021 | $5.3M | $3.6M | $7.1M | $67K | — | View 990 |
| 2020 | $4.5M | $3.0M | $5.6M | $230K | — | View 990 |
| 2019 | $3.1M | $3.1M | $4.2M | $340K | — | View 990 |
| 2018 | $3.3M | $2.9M | $4.3M | $489K | — | View 990 |
| 2017 | $3.2M | $3.1M | $4.1M | $576K | — | View 990 |
| 2016 | $3.5M | $3.3M | $4.1M | $690K | — | View 990 |
| 2015 | $5.6M | $5.5M | $4.1M | $844K | — | View 990 |
| 2014 | $5.1M | $4.9M | $4.1M | $914K | — | View 990 |
| 2013 | $4.6M | $4.3M | $4.1M | $1.0M | — | View 990 |
| 2012 | $4.3M | $3.9M | $3.8M | $1.1M | — | View 990 |
| 2011 | $3.9M | $3.5M | $2.4M | $59K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $3.5M, expenses of $2.7M, and assets of $9.2M (revenue +5.1% year-over-year).
- 2023: Revenue of $3.3M, expenses of $2.8M, and assets of $8.4M (revenue -8.5% year-over-year).
- 2022: Revenue of $3.6M, expenses of $2.8M, and assets of $7.9M (revenue -32.0% year-over-year).
- 2021: Revenue of $5.3M, expenses of $3.6M, and assets of $7.1M (revenue +17.8% year-over-year).
- 2020: Revenue of $4.5M, expenses of $3.0M, and assets of $5.6M (revenue +44.4% year-over-year).
- 2019: Revenue of $3.1M, expenses of $3.1M, and assets of $4.2M (revenue -5.6% year-over-year).
- 2018: Revenue of $3.3M, expenses of $2.9M, and assets of $4.3M (revenue +3.5% year-over-year).
- 2017: Revenue of $3.2M, expenses of $3.1M, and assets of $4.1M (revenue -9.1% year-over-year).
- 2016: Revenue of $3.5M, expenses of $3.3M, and assets of $4.1M (revenue -37.4% year-over-year).
- 2015: Revenue of $5.6M, expenses of $5.5M, and assets of $4.1M (revenue +10.1% year-over-year).
- 2014: Revenue of $5.1M, expenses of $4.9M, and assets of $4.1M (revenue +9.4% year-over-year).
- 2013: Revenue of $4.6M, expenses of $4.3M, and assets of $4.1M (revenue +7.9% year-over-year).
- 2012: Revenue of $4.3M, expenses of $3.9M, and assets of $3.8M (revenue +10.0% year-over-year).
- 2011: Revenue of $3.9M, expenses of $3.5M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Food Bank Of Lower Fairfield County Inc:
Data Sources and Methodology
This transparency report for Food Bank Of Lower Fairfield County Inc 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.