Good Sheperd Food Bank
Good Shepherd Food Bank: Strong Revenue, High Program Spending
EIN: 222986809 · Auburn, ME · NTEE: K31Z · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $109.6M |
| Total Expenses | $102.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $0 |
| Net Assets | $45.3M |
| Transparency Score | 92/100 |
Is Good Sheperd Food Bank Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Good Sheperd Food Bank directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Good Sheperd Food Bank
Good Sheperd Food Bank (EIN: 222986809) is a nonprofit organization based in Auburn, ME, classified under NTEE code K31Z. The organization reported total revenue of $109.6M and total assets of $44.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Good Sheperd Food Bank's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Good Sheperd Food Bank is a major nonprofit that has been operating for 37 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 10.6%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $99.7M |
| Total Expenses | $102.4M |
| Surplus / Deficit | $-2,704,034 |
| Total Assets | $48.2M |
| Total Liabilities | $2.9M |
| Net Assets | $45.3M |
| Operating Margin | -2.7% |
| Debt-to-Asset Ratio | 6.0% |
| Months of Reserves | 5.7 months |
Financial Health Grade: B
In 2024, Good Sheperd Food Bank reported a deficit of $2.7M with expenses exceeding revenue, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 6.0% (very low leverage).
Financial Trends
Over 14 years of filings (2011–2024), Good Sheperd Food Bank's revenue has grown at a compound annual growth rate (CAGR) of 10.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +26.7% | +19.2% | -2.4% |
| 2023 | -3.3% | +12.4% | -8.6% |
| 2022 | -28.7% | -7.7% | -2.7% |
| 2021 | +63.9% | +35.8% | +117.1% |
| 2020 | +19.3% | +6.1% | +55.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1989 |
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 Good Sheperd Food Bank 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, Good Sheperd Food Bank 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 deficit of $2.7M, with expenses exceeding revenue.
- Debt-to-asset ratio: 6.0%.
Executive Compensation Analysis
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and suggests compensation may be covered by a related entity or not reported in this section.
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 Good Sheperd Food Bank's IRS 990 filings:
- Consistent reporting of $0 executive compensation and 0% compensation for key employees across all years, which warrants further investigation into how leadership is compensated or if services are entirely pro-bono.
- Significant year-over-year fluctuations in revenue (e.g., $114M in 2021 down to $78M in 2023, then up to $99M in 2024) could indicate unstable funding sources or reliance on large, infrequent grants.
Strengths
The following positive indicators were identified for Good Sheperd Food Bank:
- Consistently high program spending, indicating a strong focus on its mission.
- Significant asset growth over the years, from $13,426,237 in 2017 to $48,213,426 in 2024, demonstrating financial stability and capacity.
- Low liabilities relative to assets, suggesting good financial management and solvency.
Frequently Asked Questions about Good Sheperd Food Bank
Is Good Sheperd Food Bank a legitimate charity?
Good Sheperd Food Bank (EIN: 222986809) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 92/100. It has 14 years of IRS 990 filings on record. Total revenue: $109.6M. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Good Sheperd Food Bank spend its money?
Good Sheperd Food Bank directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Good Sheperd Food Bank tax-deductible?
Good Sheperd Food Bank is registered as a tax-exempt nonprofit (EIN: 222986809). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Good Sheperd Food Bank CEO make?
Good Sheperd Food Bank's highest-compensated officer earns $0 annually. The organization reported $109.6M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Good Sheperd Food Bank's spending goes to programs?
Good Sheperd Food Bank directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Good Sheperd Food Bank compare to similar nonprofits?
With a transparency score of 92/100 (Excellent), Good Sheperd Food Bank is above average for NTEE category K31Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Good Sheperd Food Bank located?
Good Sheperd Food Bank is headquartered in Auburn, Maine and files with the IRS under EIN 222986809. It is classified under NTEE code K31Z.
How many years of IRS 990 filings does Good Sheperd Food Bank have?
Good Sheperd Food Bank 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 $109.6M in total revenue.
What does Good Sheperd Food Bank do?
Good Sheperd Food Bank is a nonprofit organization in the Food, Agriculture & Nutrition sector, located in Auburn, Maine. It is classified under NTEE code K31Z.
How much revenue does Good Sheperd Food Bank have?
Good Sheperd Food Bank reported total revenue of $109,550,961. Based on 14 IRS 990 filings on record.
What are Good Sheperd Food Bank's total assets?
Good Sheperd Food Bank holds total assets of $44,798,037 as reported in IRS 990 filings.
Where is Good Sheperd Food Bank located?
Good Sheperd Food Bank is based in Auburn, Maine.
What is Good Sheperd Food Bank's EIN?
Good Sheperd Food Bank's Employer Identification Number (EIN) is 222986809. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Good Sheperd Food Bank?
Good Sheperd Food Bank is classified under NTEE code K31Z (Food, Agriculture & Nutrition).
Is Good Sheperd Food Bank a registered 501(c)(3)?
Yes, Good Sheperd Food Bank is recognized as a tax-exempt organization by the IRS. EIN: 222986809.
Does Good Sheperd Food Bank file IRS Form 990?
Yes, Good Sheperd Food Bank has 14 IRS Form 990 filings on record. The most recent covers tax period 202406.
What was Good Sheperd Food Bank's revenue in 2024?
In the 202406 filing period, Good Sheperd Food Bank reported total revenue of $99,656,038, total expenses of $102,360,072, and net assets of $48,213,426.
Is Good Sheperd Food Bank's revenue growing or declining?
Good Sheperd Food Bank's revenue is growing. Revenue went from $78,671,561 (202306) to $99,656,038 (202406), a +26.7% change. Based on 14 filings on record.
What is Good Sheperd Food Bank's most recent 990 filing?
The most recent IRS Form 990 filing for Good Sheperd Food Bank covers tax period 202406. It shows revenue of $99,656,038, expenses of $102,360,072, total assets of $48,213,426, and liabilities of $2,881,042.
How much does Good Sheperd Food Bank spend on programs vs administration?
Based on IRS 990 analysis, Good Sheperd Food Bank allocates approximately 90% of expenses to program services, 5% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Good Sheperd Food Bank a trustworthy charity?
Based on AI analysis of IRS 990 data, Good Sheperd Food Bank appears trustworthy. Mission Score: 92/100 (Excellent). 2 red flags identified. 3 strengths noted.
What are the red flags for Good Sheperd Food Bank?
The following concerns were identified: Consistent reporting of $0 executive compensation and 0% compensation for key employees across all years, which warrants further investigation into how leadership is compensated or if services are entirely pro-bono.. Significant year-over-year fluctuations in revenue (e.g., $114M in 2021 down to $78M in 2023, then up to $99M in 2024) could indicate unstable funding sources or reliance on large, infrequent grants.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Good Sheperd Food Bank's strengths?
Positive indicators for Good Sheperd Food Bank include: Consistently high program spending, indicating a strong focus on its mission.. Significant asset growth over the years, from $13,426,237 in 2017 to $48,213,426 in 2024, demonstrating financial stability and capacity.. Low liabilities relative to assets, suggesting good financial management and solvency.. These findings are derived from AI analysis of the organization's financial filings.
How does Good Sheperd Food Bank compensate executives?
Executive compensation is reported as $0 across all available filings, which is unusual for an organization of this size and suggests compensation may be covered by a related entity or not reported in this section. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported $0 executive compensation, how does Good Shepherd Food Bank attract and retain experienced leadership for an organization managing over $99 million in revenue?
The filings consistently show $0 for executive compensation and 0% for key employee compensation. This could mean that executives are compensated by a related entity, are entirely volunteer-based, or that compensation is reported under a different category not explicitly detailed in the provided data. Further inquiry into their operational structure and compensation policies would be necessary.
What factors contributed to the substantial revenue increase from $69,626,051 in 2020 to $114,090,415 in 2021, and then the subsequent decrease to $78,671,561 in 2023?
The significant revenue surge in 2021 likely reflects increased donations and government support during the COVID-19 pandemic, as food banks often saw heightened demand and funding. The subsequent decrease in 2023 could indicate a return to pre-pandemic funding levels or a shift in donor priorities, though revenue rebounded to $99,656,038 in 2024.
Filing History
IRS 990 filing history for Good Sheperd Food Bank showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Good Sheperd Food Bank's revenue has grown by 271.7%, moving from $26.8M to $99.7M. Total assets increased by 570.7% over the same period, from $7.2M to $48.2M. Total functional expenses rose by 286.1%, from $26.5M to $102.4M. In its most recent filing year (2024), Good Sheperd Food Bank reported a deficit of $2.7M, with expenses exceeding revenue. The organization holds $2.9M in liabilities against $48.2M in assets (debt-to-asset ratio: 6.0%), resulting in net assets of $45.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $99.7M | $102.4M | $48.2M | $2.9M | — | View 990 |
| 2023 | $78.7M | $85.9M | $49.4M | $2.9M | — | View 990 |
| 2022 | $81.4M | $76.4M | $54.0M | $1.3M | — | View 990 |
| 2021 | $114.1M | $82.8M | $55.5M | $1.1M | — | — |
| 2020 | $69.6M | $60.9M | $25.5M | $2.7M | — | View 990 |
| 2019 | $58.4M | $57.5M | $16.4M | $2.2M | — | View 990 |
| 2018 | $58.1M | $57.0M | $13.7M | $449K | — | View 990 |
| 2017 | $57.1M | $52.1M | $13.4M | $1.4M | — | View 990 |
| 2016 | $48.8M | $47.5M | $8.4M | $1.4M | — | View 990 |
| 2015 | $43.5M | $44.6M | $7.7M | $1.7M | — | View 990 |
| 2014 | $35.1M | $35.6M | $7.9M | $758K | — | View 990 |
| 2013 | $29.6M | $28.2M | $8.1M | $494K | — | View 990 |
| 2012 | $26.7M | $27.2M | $6.6M | $382K | — | View 990 |
| 2011 | $26.8M | $26.5M | $7.2M | $477K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $99.7M, expenses of $102.4M, and assets of $48.2M (revenue +26.7% year-over-year).
- 2023: Revenue of $78.7M, expenses of $85.9M, and assets of $49.4M (revenue -3.3% year-over-year).
- 2022: Revenue of $81.4M, expenses of $76.4M, and assets of $54.0M (revenue -28.7% year-over-year).
- 2021: Revenue of $114.1M, expenses of $82.8M, and assets of $55.5M (revenue +63.9% year-over-year).
- 2020: Revenue of $69.6M, expenses of $60.9M, and assets of $25.5M (revenue +19.3% year-over-year).
- 2019: Revenue of $58.4M, expenses of $57.5M, and assets of $16.4M (revenue +0.4% year-over-year).
- 2018: Revenue of $58.1M, expenses of $57.0M, and assets of $13.7M (revenue +1.8% year-over-year).
- 2017: Revenue of $57.1M, expenses of $52.1M, and assets of $13.4M (revenue +16.9% year-over-year).
- 2016: Revenue of $48.8M, expenses of $47.5M, and assets of $8.4M (revenue +12.2% year-over-year).
- 2015: Revenue of $43.5M, expenses of $44.6M, and assets of $7.7M (revenue +24.0% year-over-year).
- 2014: Revenue of $35.1M, expenses of $35.6M, and assets of $7.9M (revenue +18.7% year-over-year).
- 2013: Revenue of $29.6M, expenses of $28.2M, and assets of $8.1M (revenue +10.9% year-over-year).
- 2012: Revenue of $26.7M, expenses of $27.2M, and assets of $6.6M (revenue -0.5% year-over-year).
- 2011: Revenue of $26.8M, expenses of $26.5M, and assets of $7.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Good Sheperd Food Bank:
Data Sources and Methodology
This transparency report for Good Sheperd Food Bank 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.