Meridian Food Bank Inc
Meridian Food Bank Inc consistently operates with zero reported officer compensation and strong asset growth.
EIN: 203062024 · Meridian, ID · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.1M |
| Total Expenses | $3.0M |
| Program Spending | 95% |
| Net Assets | $1.6M |
| Transparency Score | 95/100 |
Is Meridian Food Bank Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Meridian Food Bank Inc directs 95% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Meridian Food Bank Inc
Meridian Food Bank Inc (EIN: 203062024) is a nonprofit organization based in Meridian, ID, classified under NTEE code K31. The organization reported total revenue of $3.1M and total assets of $1.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Meridian Food Bank Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Meridian Food Bank Inc is a mid-size nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 18.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.0M |
| Surplus / Deficit | +$14K |
| Total Assets | $1.6M |
| Net Assets | $1.6M |
| Operating Margin | 0.5% |
| Months of Reserves | 6.7 months |
Financial Health Grade: A
In 2023, Meridian Food Bank Inc reported a surplus of $14K with revenue exceeding expenses, holds 6.7 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Meridian Food Bank Inc's revenue has grown at a compound annual growth rate (CAGR) of 18.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.5% | +13.0% | +2.2% |
| 2022 | +12.8% | +19.8% | +5.2% |
| 2021 | -12.0% | -8.4% | +21.0% |
| 2020 | +38.7% | +18.1% | +46.1% |
| 2019 | -1.4% | -2.3% | -1.5% |
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 Meridian Food Bank Inc with a Mission Score of 95 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: 3%
- programs: 95%
- fundraising: 2%
According to IRS 990 filings, Meridian Food Bank Inc allocates its expenses as follows: admin: 3%, programs: 95%, fundraising: 2%. With 95% 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 $14K, with revenue exceeding expenses.
Executive Compensation Analysis
Meridian Food Bank Inc consistently reports 0% officer compensation across all available filings, which is highly unusual for an organization of its size and revenue, suggesting a volunteer-led executive team or compensation structured outside of typical officer reporting.
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 Meridian Food Bank Inc's IRS 990 filings:
- Unusually low reported administrative and fundraising expenses, potentially indicating some costs are categorized under program expenses or a highly volunteer-driven model that might be difficult to sustain at scale without paid staff.
Strengths
The following positive indicators were identified for Meridian Food Bank Inc:
- Consistent reporting of $0 liabilities, indicating strong financial management.
- Zero reported officer compensation across all filings, suggesting high efficiency and mission focus.
- Steady growth in assets, from $1,006,579 in 2014 to $1,644,809 in 2023, enhancing long-term stability.
- Revenue consistently covers expenses, demonstrating sound financial planning.
- Long history of IRS 990 filings (13 filings), indicating transparency and compliance.
Frequently Asked Questions about Meridian Food Bank Inc
Is Meridian Food Bank Inc a legitimate charity?
Meridian Food Bank Inc (EIN: 203062024) is a registered tax-exempt nonprofit based in Idaho. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $3.1M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Meridian Food Bank Inc spend its money?
Meridian Food Bank Inc directs 95% of its spending to programs and services. Fundraising costs 2%. This exceeds the 65% industry benchmark.
Are donations to Meridian Food Bank Inc tax-deductible?
Meridian Food Bank Inc is registered as a tax-exempt nonprofit (EIN: 203062024). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Meridian Food Bank Inc's spending goes to programs?
Meridian Food Bank Inc directs 95% to programs, 2% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Meridian Food Bank Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Meridian Food Bank 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 Meridian Food Bank Inc located?
Meridian Food Bank Inc is headquartered in Meridian, Idaho and files with the IRS under EIN 203062024. It is classified under NTEE code K31.
How many years of IRS 990 filings does Meridian Food Bank Inc have?
Meridian Food Bank 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 $3.1M in total revenue.
Is Meridian Food Bank Inc a good charity?
Based on the provided data, Meridian Food Bank Inc appears to be a very good charity, demonstrating strong financial health, consistent asset growth, and notably, zero reported officer compensation, suggesting a high dedication of resources to its mission.
How does Meridian Food Bank Inc manage its liabilities?
Meridian Food Bank Inc consistently reports $0 in liabilities across all available filings, indicating excellent financial management and no reliance on debt.
What is the trend in Meridian Food Bank Inc's revenue?
Meridian Food Bank Inc has shown a generally increasing revenue trend, growing from $1,714,006 in 2014 to $2,970,835 in 2023, indicating sustained donor support and operational growth.
How does the lack of officer compensation impact the organization?
The consistent reporting of 0% officer compensation suggests that a very high proportion of the organization's funds are directed towards its programs and operational costs, rather than executive salaries, which is a strong indicator of efficiency and mission focus.
Filing History
IRS 990 filing history for Meridian Food Bank Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Meridian Food Bank Inc's revenue has grown by 667.2%, moving from $387K to $3.0M. Total assets increased by 1412.9% over the same period, from $109K to $1.6M. Total functional expenses rose by 716.4%, from $362K to $3.0M. In its most recent filing year (2023), Meridian Food Bank Inc reported a surplus of $14K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $3.0M | $1.6M | $0 | — | — |
| 2022 | $2.8M | $2.6M | $1.6M | $0 | — | — |
| 2021 | $2.4M | $2.2M | $1.5M | $0 | — | View 990 |
| 2020 | $2.8M | $2.4M | $1.3M | $0 | — | — |
| 2019 | $2.0M | $2.0M | $865K | $0 | — | View 990 |
| 2018 | $2.0M | $2.1M | $878K | $0 | — | View 990 |
| 2017 | $1.9M | $1.9M | $911K | $0 | — | View 990 |
| 2016 | $2.0M | $2.0M | $909K | $0 | — | View 990 |
| 2015 | $1.7M | $1.8M | $902K | $0 | — | View 990 |
| 2014 | $1.7M | $1.5M | $1.0M | $0 | — | View 990 |
| 2013 | $1.4M | $1.3M | $825K | $0 | — | View 990 |
| 2012 | $1.6M | $1.6M | $786K | $0 | — | View 990 |
| 2011 | $387K | $362K | $109K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $3.0M, and assets of $1.6M (revenue +7.5% year-over-year).
- 2022: Revenue of $2.8M, expenses of $2.6M, and assets of $1.6M (revenue +12.8% year-over-year).
- 2021: Revenue of $2.4M, expenses of $2.2M, and assets of $1.5M (revenue -12.0% year-over-year).
- 2020: Revenue of $2.8M, expenses of $2.4M, and assets of $1.3M (revenue +38.7% year-over-year).
- 2019: Revenue of $2.0M, expenses of $2.0M, and assets of $865K (revenue -1.4% year-over-year).
- 2018: Revenue of $2.0M, expenses of $2.1M, and assets of $878K (revenue +5.2% year-over-year).
- 2017: Revenue of $1.9M, expenses of $1.9M, and assets of $911K (revenue -4.2% year-over-year).
- 2016: Revenue of $2.0M, expenses of $2.0M, and assets of $909K (revenue +20.7% year-over-year).
- 2015: Revenue of $1.7M, expenses of $1.8M, and assets of $902K (revenue -2.5% year-over-year).
- 2014: Revenue of $1.7M, expenses of $1.5M, and assets of $1.0M (revenue +20.9% year-over-year).
- 2013: Revenue of $1.4M, expenses of $1.3M, and assets of $825K (revenue -12.6% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $786K (revenue +319.2% year-over-year).
- 2011: Revenue of $387K, expenses of $362K, and assets of $109K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Meridian Food Bank Inc:
Data Sources and Methodology
This transparency report for Meridian Food Bank 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.