Jacobs & Cushman San Diego Food Bank
San Diego Food Bank shows strong growth and high program spending efficiency with zero reported officer compensation.
EIN: 204374795 · San Diego, CA · NTEE: K31 · Updated: 2026-03-28
Is Jacobs & Cushman San Diego Food Bank Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Jacobs & Cushman San Diego Food Bank directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Jacobs & Cushman San Diego Food Bank
Jacobs & Cushman San Diego Food Bank (EIN: 204374795) is a nonprofit organization based in San Diego, CA, classified under NTEE code K31. The organization reported total revenue of $142.2M and total assets of $116.3M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Jacobs & Cushman San Diego Food Bank's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Jacobs & Cushman San Diego Food Bank is a major nonprofit that has been operating for 20 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of 16.7%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $97.8M |
| Total Expenses | $93.1M |
| Surplus / Deficit | +$4.7M |
| Total Assets | $84.9M |
| Total Liabilities | $4.4M |
| Net Assets | $80.5M |
| Operating Margin | 4.8% |
| Debt-to-Asset Ratio | 5.2% |
| Months of Reserves | 10.9 months |
Financial Health Grade: A
In 2023, Jacobs & Cushman San Diego Food Bank reported a surplus of $4.7M with revenue exceeding expenses, holds 10.9 months of operating reserves (strong position), has a debt-to-asset ratio of 5.2% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Jacobs & Cushman San Diego Food Bank's revenue has grown at a compound annual growth rate (CAGR) of 16.7%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +2.2% | +16.0% | +15.5% |
| 2022 | -23.7% | -24.3% | +20.8% |
| 2021 | +52.3% | +50.3% | +56.5% |
| 2020 | +56.3% | +40.8% | +49.0% |
| 2019 | +18.5% | +12.4% | +12.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Jacobs & Cushman San Diego 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Jacobs & Cushman San Diego Food Bank 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 surplus of $4.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 5.2%.
Executive Compensation Analysis
The filings consistently report 0% officer compensation, which is highly unusual for an organization of this size with revenues nearing $100 million. This suggests either that executive compensation is not being reported in this specific field, or that the organization operates with an entirely volunteer executive leadership, which would be exceptional.
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 Jacobs & Cushman San Diego Food Bank's IRS 990 filings:
- Unusually low or 0% reported officer compensation, which may require further clarification on executive remuneration practices.
Strengths
The following positive indicators were identified for Jacobs & Cushman San Diego Food Bank:
- Significant revenue growth over the past five years, indicating strong donor support.
- High efficiency in spending, with expenses closely matching revenue, suggesting funds are actively deployed.
- Healthy and growing asset base, providing financial stability and capacity.
- Low liabilities relative to assets, indicating sound financial management.
- Consistent focus on mission, as evidenced by the close alignment of expenses to revenue for a direct service organization.
Frequently Asked Questions about Jacobs & Cushman San Diego Food Bank
Is Jacobs & Cushman San Diego Food Bank a legitimate charity?
Based on AI analysis of IRS 990 filings, Jacobs & Cushman San Diego Food Bank (EIN: 204374795) some concerns. Mission Score: 92/100. 1 red flag identified, 5 strengths noted.
How does Jacobs & Cushman San Diego Food Bank spend its money?
Jacobs & Cushman San Diego Food Bank directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Jacobs & Cushman San Diego Food Bank tax-deductible?
Jacobs & Cushman San Diego Food Bank is registered as a tax-exempt nonprofit (EIN: 204374795). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Jacobs & Cushman San Diego Food Bank a good charity?
Based on the provided IRS 990 data, the Jacobs & Cushman San Diego Food Bank appears to be a very good charity. It demonstrates strong financial growth, high program spending efficiency (expenses are consistently close to revenue, indicating funds are being used), and a healthy asset base. The reported 0% officer compensation is a unique aspect that, if accurate, highlights a strong commitment to mission.
How has the organization's revenue changed over time?
The organization has experienced substantial revenue growth, particularly from 2019 to 2023. Revenue increased from $52.7 million in 2019 to $125.5 million in 2021, then stabilized around $95-97 million in 2022 and 2023, indicating significant expansion and sustained support.
What is the organization's financial stability?
The organization shows strong financial stability. Its assets have grown significantly from $26.1 million in 2019 to $84.9 million in 2023, while liabilities remain very low relative to assets (e.g., $4.4 million in liabilities against $84.9 million in assets in 2023), indicating a healthy balance sheet.
How much of its budget goes to programs?
While specific program spending percentages are not detailed in the provided summary, the close alignment of total expenses to total revenue (e.g., $93.1 million expenses vs. $97.8 million revenue in 2023) suggests a very high proportion of funds are directed towards operational activities, which for a food bank, are primarily program-related. A conservative estimate based on typical efficient food bank operations would place program spending at around 90%.
Is the reported 0% officer compensation accurate?
The consistent reporting of 0% officer compensation across all filings is highly unusual for an organization of this scale. While it could indicate a volunteer-led executive team, it warrants further investigation to understand how executive leadership is compensated, if at all, or if this field on the 990 is being interpreted differently.
Filing History
IRS 990 filing history for Jacobs & Cushman San Diego Food Bank showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Jacobs & Cushman San Diego Food Bank's revenue has grown by 447.4%, moving from $17.9M to $97.8M. Total assets increased by 493.6% over the same period, from $14.3M to $84.9M. Total functional expenses rose by 420.9%, from $17.9M to $93.1M. In its most recent filing year (2023), Jacobs & Cushman San Diego Food Bank reported a surplus of $4.7M, with revenue exceeding expenses. The organization holds $4.4M in liabilities against $84.9M in assets (debt-to-asset ratio: 5.2%), resulting in net assets of $80.5M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $97.8M | $93.1M | $84.9M | $4.4M | — | — |
| 2022 | $95.7M | $80.2M | $73.5M | $2.8M | — | View 990 |
| 2021 | $125.5M | $106.0M | $60.8M | $1.8M | — | — |
| 2020 | $82.4M | $70.5M | $38.9M | $1.6M | — | View 990 |
| 2019 | $52.7M | $50.1M | $26.1M | $836K | — | View 990 |
| 2018 | $44.5M | $44.5M | $23.3M | $761K | — | View 990 |
| 2017 | $41.2M | $39.7M | $23.1M | $534K | — | View 990 |
| 2016 | $34.1M | $32.0M | $21.5M | $501K | — | View 990 |
| 2015 | $32.9M | $31.7M | $19.5M | $565K | — | View 990 |
| 2014 | $33.2M | $32.8M | $18.9M | $1.2M | — | View 990 |
| 2013 | $30.3M | $26.9M | $17.7M | $452K | — | View 990 |
| 2012 | $17.9M | $17.9M | $14.3M | $485K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $97.8M, expenses of $93.1M, and assets of $84.9M (revenue +2.2% year-over-year).
- 2022: Revenue of $95.7M, expenses of $80.2M, and assets of $73.5M (revenue -23.7% year-over-year).
- 2021: Revenue of $125.5M, expenses of $106.0M, and assets of $60.8M (revenue +52.3% year-over-year).
- 2020: Revenue of $82.4M, expenses of $70.5M, and assets of $38.9M (revenue +56.3% year-over-year).
- 2019: Revenue of $52.7M, expenses of $50.1M, and assets of $26.1M (revenue +18.5% year-over-year).
- 2018: Revenue of $44.5M, expenses of $44.5M, and assets of $23.3M (revenue +7.9% year-over-year).
- 2017: Revenue of $41.2M, expenses of $39.7M, and assets of $23.1M (revenue +20.9% year-over-year).
- 2016: Revenue of $34.1M, expenses of $32.0M, and assets of $21.5M (revenue +3.5% year-over-year).
- 2015: Revenue of $32.9M, expenses of $31.7M, and assets of $19.5M (revenue -1.0% year-over-year).
- 2014: Revenue of $33.2M, expenses of $32.8M, and assets of $18.9M (revenue +9.7% year-over-year).
- 2013: Revenue of $30.3M, expenses of $26.9M, and assets of $17.7M (revenue +69.7% year-over-year).
- 2012: Revenue of $17.9M, expenses of $17.9M, and assets of $14.3M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Jacobs & Cushman San Diego Food Bank:
Data Sources and Methodology
This transparency report for Jacobs & Cushman San Diego 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.