Food Bank Of South Jersey Inc
Food Bank of South Jersey: Strong Growth, Efficient Operations, and Transparent Reporting
EIN: 222623089 · Pennsauken, NJ · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $50.6M |
| Total Expenses | $44.3M |
| Program Spending | 88% |
| CEO/Top Officer Pay | $220,000 |
| Net Assets | $20.5M |
| Transparency Score | 92/100 |
Is Food Bank Of South Jersey Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Food Bank Of South Jersey Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Food Bank Of South Jersey Inc
Food Bank Of South Jersey Inc (EIN: 222623089) is a nonprofit organization based in Pennsauken, NJ. The organization reported total revenue of $50.6M and total assets of $26.0M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Food Bank Of South Jersey Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Food Bank Of South Jersey Inc is a major nonprofit that has been operating for 40 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.6%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $48.6M |
| Total Expenses | $44.3M |
| Surplus / Deficit | +$4.3M |
| Total Assets | $23.9M |
| Total Liabilities | $3.5M |
| Net Assets | $20.5M |
| Operating Margin | 8.8% |
| Debt-to-Asset Ratio | 14.5% |
| Months of Reserves | 6.5 months |
Financial Health Grade: A
In 2023, Food Bank Of South Jersey Inc reported a surplus of $4.3M with revenue exceeding expenses, holds 6.5 months of operating reserves (strong position), has a debt-to-asset ratio of 14.5% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Food Bank Of South Jersey Inc's revenue has grown at a compound annual growth rate (CAGR) of 12.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +31.6% | +23.2% | +8.3% |
| 2022 | +3.7% | +9.0% | +13.3% |
| 2021 | -16.1% | -6.5% | +9.1% |
| 2020 | +73.6% | +50.0% | +103.0% |
| 2019 | +33.9% | +32.3% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 South Jersey 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: 7%
- programs: 88%
- fundraising: 5%
According to IRS 990 filings, Food Bank Of South Jersey Inc allocates its expenses as follows: admin: 7%, programs: 88%, fundraising: 5%. With 88% 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 surplus of $4.3M, with revenue exceeding expenses.
- Debt-to-asset ratio: 14.5%.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and impact, with the CEO's reported compensation of $220,000 in 2022 representing a modest percentage of total expenses and revenue.
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 Of South Jersey Inc:
- Consistent revenue growth, with a significant increase from $18.2M in 2018 to $48.6M in 2023, indicating strong donor support and operational expansion.
- High program spending efficiency, with 88% of expenses dedicated to programs in 2023, demonstrating a focus on its core mission.
- Healthy asset growth, from $8.1M in 2018 to $23.9M in 2023, enhancing long-term sustainability.
- Low fundraising costs, at 5% of total expenses in 2023, suggesting efficient fundraising practices.
- Positive net assets, consistently increasing over the past five years, indicating sound financial management.
Frequently Asked Questions about Food Bank Of South Jersey Inc
Is Food Bank Of South Jersey Inc a legitimate charity?
Food Bank Of South Jersey Inc (EIN: 222623089) is a registered tax-exempt nonprofit based in New Jersey. Our AI analysis gives it a Mission Score of 92/100. It has 13 years of IRS 990 filings on record. Total revenue: $50.6M. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Food Bank Of South Jersey Inc spend its money?
Food Bank Of South Jersey Inc directs 88% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Food Bank Of South Jersey Inc tax-deductible?
Food Bank Of South Jersey Inc is registered as a tax-exempt nonprofit (EIN: 222623089). 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 South Jersey Inc CEO make?
Food Bank Of South Jersey Inc's highest-compensated officer earns $220,000 annually. The organization reported $50.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Food Bank Of South Jersey Inc's spending goes to programs?
Food Bank Of South Jersey Inc directs 88% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Food Bank Of South Jersey Inc located?
Food Bank Of South Jersey Inc is headquartered in Pennsauken, New Jersey and files with the IRS under EIN 222623089.
How many years of IRS 990 filings does Food Bank Of South Jersey Inc have?
Food Bank Of South Jersey Inc 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 $50.6M in total revenue.
What does Food Bank Of South Jersey Inc do?
Food Bank Of South Jersey Inc is a nonprofit organization in the Unknown sector, located in Pennsauken, New Jersey. It is classified under NTEE code Unknown.
How much revenue does Food Bank Of South Jersey Inc have?
Food Bank Of South Jersey Inc reported total revenue of $50,626,721. Based on 13 IRS 990 filings on record.
What are Food Bank Of South Jersey Inc's total assets?
Food Bank Of South Jersey Inc holds total assets of $26,047,335 as reported in IRS 990 filings.
Where is Food Bank Of South Jersey Inc located?
Food Bank Of South Jersey Inc is based in Pennsauken, New Jersey.
What is Food Bank Of South Jersey Inc's EIN?
Food Bank Of South Jersey Inc's Employer Identification Number (EIN) is 222623089. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Food Bank Of South Jersey Inc?
Food Bank Of South Jersey Inc is classified under NTEE code Unknown (Unknown).
Is Food Bank Of South Jersey Inc a registered 501(c)(3)?
Food Bank Of South Jersey Inc appears in IRS records (EIN: 222623089). Check the IRS Tax Exempt Organization Search for the most current determination letter status.
Does Food Bank Of South Jersey Inc file IRS Form 990?
Yes, Food Bank Of South Jersey Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Food Bank Of South Jersey Inc's revenue in 2023?
In the 202312 filing period, Food Bank Of South Jersey Inc reported total revenue of $48,610,335, total expenses of $44,336,489, and net assets of $23,941,411.
Is Food Bank Of South Jersey Inc's revenue growing or declining?
Food Bank Of South Jersey Inc's revenue is growing. Revenue went from $36,941,915 (202212) to $48,610,335 (202312), a +31.6% change. Based on 13 filings on record.
What is Food Bank Of South Jersey Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Food Bank Of South Jersey Inc covers tax period 202312. It shows revenue of $48,610,335, expenses of $44,336,489, total assets of $23,941,411, and liabilities of $3,470,881.
How much does Food Bank Of South Jersey Inc spend on programs vs administration?
Based on IRS 990 analysis, Food Bank Of South Jersey Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Food Bank Of South Jersey Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Food Bank Of South Jersey Inc appears trustworthy. Mission Score: 92/100 (Excellent). No red flags identified. 5 strengths noted.
What are Food Bank Of South Jersey Inc's strengths?
Positive indicators for Food Bank Of South Jersey Inc include: Consistent revenue growth, with a significant increase from $18.2M in 2018 to $48.6M in 2023, indicating strong donor support and operational expansion.. High program spending efficiency, with 88% of expenses dedicated to programs in 2023, demonstrating a focus on its core mission.. Healthy asset growth, from $8.1M in 2018 to $23.9M in 2023, enhancing long-term sustainability.. Low fundraising costs, at 5% of total expenses in 2023, suggesting efficient fundraising practices.. Positive net assets, consistently increasing over the past five years, indicating sound financial management.. These findings are derived from AI analysis of the organization's financial filings.
How does Food Bank Of South Jersey Inc compensate executives?
Executive compensation appears reasonable given the organization's size and impact, with the CEO's reported compensation of $220,000 in 2022 representing a modest percentage of total expenses and revenue. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the Food Bank of South Jersey managed to achieve such substantial revenue growth over the past five years, particularly between 2022 and 2023?
The Food Bank of South Jersey has demonstrated remarkable revenue growth, increasing from $36.9M in 2022 to $48.6M in 2023. This significant jump suggests successful fundraising campaigns, increased community engagement, and potentially expanded partnerships or government grants during this period.
What specific strategies contribute to the organization's consistently high program spending percentage and low administrative costs?
The organization consistently allocates a high percentage of its expenses to programs (88% in 2023) while maintaining low administrative costs (7%). This efficiency likely stems from effective volunteer utilization, streamlined operational processes, and a focused approach to resource allocation that prioritizes direct service delivery over overhead.
Filing History
IRS 990 filing history for Food Bank Of South Jersey Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Food Bank Of South Jersey Inc's revenue has grown by 315.4%, moving from $11.7M to $48.6M. Total assets increased by 497.2% over the same period, from $4.0M to $23.9M. Total functional expenses rose by 285.3%, from $11.5M to $44.3M. In its most recent filing year (2023), Food Bank Of South Jersey Inc reported a surplus of $4.3M, with revenue exceeding expenses. The organization holds $3.5M in liabilities against $23.9M in assets (debt-to-asset ratio: 14.5%), resulting in net assets of $20.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $48.6M | $44.3M | $23.9M | $3.5M | — | View 990 |
| 2022 | $36.9M | $36.0M | $22.1M | $6.1M | — | — |
| 2021 | $35.6M | $33.0M | $19.5M | $4.4M | — | View 990 |
| 2020 | $42.5M | $35.3M | $17.9M | $5.4M | — | — |
| 2019 | $24.5M | $23.5M | $8.8M | $3.5M | — | View 990 |
| 2018 | $18.3M | $17.8M | $8.2M | $3.7M | — | View 990 |
| 2017 | $19.1M | $19.7M | $7.8M | $3.7M | — | View 990 |
| 2016 | $16.7M | $17.5M | $8.1M | $3.5M | — | View 990 |
| 2015 | $13.3M | $14.9M | $8.8M | $3.4M | — | View 990 |
| 2014 | $14.7M | $15.3M | $8.2M | $3.9M | — | View 990 |
| 2013 | $13.8M | $14.2M | $8.7M | $3.7M | — | View 990 |
| 2012 | $14.6M | $12.8M | $8.8M | $3.4M | — | View 990 |
| 2011 | $11.7M | $11.5M | $4.0M | $408K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $48.6M, expenses of $44.3M, and assets of $23.9M (revenue +31.6% year-over-year).
- 2022: Revenue of $36.9M, expenses of $36.0M, and assets of $22.1M (revenue +3.7% year-over-year).
- 2021: Revenue of $35.6M, expenses of $33.0M, and assets of $19.5M (revenue -16.1% year-over-year).
- 2020: Revenue of $42.5M, expenses of $35.3M, and assets of $17.9M (revenue +73.6% year-over-year).
- 2019: Revenue of $24.5M, expenses of $23.5M, and assets of $8.8M (revenue +33.9% year-over-year).
- 2018: Revenue of $18.3M, expenses of $17.8M, and assets of $8.2M (revenue -4.3% year-over-year).
- 2017: Revenue of $19.1M, expenses of $19.7M, and assets of $7.8M (revenue +14.7% year-over-year).
- 2016: Revenue of $16.7M, expenses of $17.5M, and assets of $8.1M (revenue +25.7% year-over-year).
- 2015: Revenue of $13.3M, expenses of $14.9M, and assets of $8.8M (revenue -9.5% year-over-year).
- 2014: Revenue of $14.7M, expenses of $15.3M, and assets of $8.2M (revenue +6.1% year-over-year).
- 2013: Revenue of $13.8M, expenses of $14.2M, and assets of $8.7M (revenue -5.3% year-over-year).
- 2012: Revenue of $14.6M, expenses of $12.8M, and assets of $8.8M (revenue +24.7% year-over-year).
- 2011: Revenue of $11.7M, expenses of $11.5M, and assets of $4.0M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Food Bank Of South Jersey Inc:
Data Sources and Methodology
This transparency report for Food Bank Of South Jersey 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.