Regional Food Bank Of N E Ny Inc
Regional Food Bank of NE NY: Strong Revenue Growth, Prudent Spending
EIN: 222470885 · Latham, NY · NTEE: K31Z · Updated: 2026-04-04
Is Regional Food Bank Of N E Ny Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Regional Food Bank Of N E Ny Inc directs 88% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Regional Food Bank Of N E Ny Inc
Regional Food Bank Of N E Ny Inc (EIN: 222470885) is a nonprofit organization based in Latham, NY, classified under NTEE code K31Z. The organization reported total revenue of $145.4M and total assets of $71.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Regional Food Bank Of N E Ny Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Regional Food Bank Of N E Ny Inc with a Mission Score of 85 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, Regional Food Bank Of N E Ny 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.
Executive Compensation Analysis
Executive compensation appears reasonable given the organization's size and revenue, with the highest reported compensation for an officer, director, or trustee being $220,000 in 2023, which is 0.21% of total expenses.
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 Regional Food Bank Of N E Ny Inc:
- Exceptional revenue growth, increasing from $17.16M in 2019 to $104.15M in 2023, demonstrating strong donor support and operational expansion.
- High program spending, with 88% of expenses dedicated to programs in 2023, indicating efficient use of funds for its mission.
- Healthy asset growth, with total assets increasing from $19.55M in 2019 to $60.68M in 2023, strengthening long-term sustainability.
- Low fundraising costs, consistently maintaining a small percentage of total expenses, reflecting efficient fundraising practices.
Frequently Asked Questions about Regional Food Bank Of N E Ny Inc
Is Regional Food Bank Of N E Ny Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Regional Food Bank Of N E Ny Inc (EIN: 222470885) appears legitimate. Mission Score: 85/100. 0 red flags identified, 4 strengths noted.
How does Regional Food Bank Of N E Ny Inc spend its money?
Regional Food Bank Of N E Ny Inc directs 88% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Regional Food Bank Of N E Ny Inc tax-deductible?
Regional Food Bank Of N E Ny Inc is registered as a tax-exempt nonprofit (EIN: 222470885). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Regional Food Bank Of N E Ny Inc do?
Regional Food Bank Of N E Ny Inc is a nonprofit organization in the Food, Agriculture & Nutrition sector, located in Latham, New York. It is classified under NTEE code K31Z.
How much revenue does Regional Food Bank Of N E Ny Inc have?
Regional Food Bank Of N E Ny Inc reported total revenue of $145,421,239. Based on 13 IRS 990 filings on record.
What are Regional Food Bank Of N E Ny Inc's total assets?
Regional Food Bank Of N E Ny Inc holds total assets of $71,606,223 as reported in IRS 990 filings.
Where is Regional Food Bank Of N E Ny Inc located?
Regional Food Bank Of N E Ny Inc is based in Latham, New York.
What is Regional Food Bank Of N E Ny Inc's EIN?
Regional Food Bank Of N E Ny Inc's Employer Identification Number (EIN) is 222470885. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Regional Food Bank Of N E Ny Inc?
Regional Food Bank Of N E Ny Inc is classified under NTEE code K31Z (Food, Agriculture & Nutrition).
Is Regional Food Bank Of N E Ny Inc a registered 501(c)(3)?
Yes, Regional Food Bank Of N E Ny Inc is recognized as a tax-exempt organization by the IRS. EIN: 222470885.
Does Regional Food Bank Of N E Ny Inc file IRS Form 990?
Yes, Regional Food Bank Of N E Ny Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Regional Food Bank Of N E Ny Inc's revenue in 2023?
In the 202312 filing period, Regional Food Bank Of N E Ny Inc reported total revenue of $104,152,855, total expenses of $91,522,945, and net assets of $60,678,398.
Is Regional Food Bank Of N E Ny Inc's revenue growing or declining?
Regional Food Bank Of N E Ny Inc's revenue is growing. Revenue went from $97,549,848 (202212) to $104,152,855 (202312), a +6.8% change. Based on 13 filings on record.
What is Regional Food Bank Of N E Ny Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Regional Food Bank Of N E Ny Inc covers tax period 202312. It shows revenue of $104,152,855, expenses of $91,522,945, total assets of $60,678,398, and liabilities of $6,433,174.
How much does Regional Food Bank Of N E Ny Inc spend on programs vs administration?
Based on IRS 990 analysis, Regional Food Bank Of N E Ny Inc allocates approximately 88% of expenses to program services, 7% to administrative costs, and 5% to fundraising. This indicates strong program focus.
Is Regional Food Bank Of N E Ny Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Regional Food Bank Of N E Ny Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 4 strengths noted.
What are Regional Food Bank Of N E Ny Inc's strengths?
Positive indicators for Regional Food Bank Of N E Ny Inc include: Exceptional revenue growth, increasing from $17.16M in 2019 to $104.15M in 2023, demonstrating strong donor support and operational expansion.. High program spending, with 88% of expenses dedicated to programs in 2023, indicating efficient use of funds for its mission.. Healthy asset growth, with total assets increasing from $19.55M in 2019 to $60.68M in 2023, strengthening long-term sustainability.. Low fundraising costs, consistently maintaining a small percentage of total expenses, reflecting efficient fundraising practices.. These findings are derived from AI analysis of the organization's financial filings.
How does Regional Food Bank Of N E Ny Inc compensate executives?
Executive compensation appears reasonable given the organization's size and revenue, with the highest reported compensation for an officer, director, or trustee being $220,000 in 2023, which is 0.21% of total expenses. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How has the organization managed to achieve such significant revenue growth while maintaining a low administrative and fundraising overhead?
The organization's ability to scale its operations and revenue from $17.16M in 2019 to $104.15M in 2023, while keeping administrative and fundraising expenses at 7% and 5% respectively, suggests highly efficient operational management and strong donor confidence that minimizes the need for aggressive fundraising.
Filing History
IRS 990 filing history for Regional Food Bank Of N E Ny Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Regional Food Bank Of N E Ny Inc's revenue has grown by 643.1%, moving from $14.0M to $104.2M. Total assets increased by 332.3% over the same period, from $14.0M to $60.7M. Total functional expenses rose by 570.8%, from $13.6M to $91.5M. In its most recent filing year (2023), Regional Food Bank Of N E Ny Inc reported a surplus of $12.6M, with revenue exceeding expenses. The organization holds $6.4M in liabilities against $60.7M in assets (debt-to-asset ratio: 10.6%), resulting in net assets of $54.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $104.2M | $91.5M | $60.7M | $6.4M | — | — |
| 2022 | $97.5M | $96.5M | $45.8M | $5.0M | — | — |
| 2021 | $34.3M | $28.2M | $38.0M | $4.6M | — | View 990 |
| 2020 | $35.4M | $24.8M | $32.4M | $5.0M | — | — |
| 2019 | $17.2M | $17.1M | $19.6M | $3.0M | — | View 990 |
| 2018 | $17.6M | $17.1M | $19.6M | $3.3M | — | View 990 |
| 2017 | $17.0M | $16.2M | $18.9M | $3.1M | — | View 990 |
| 2016 | $16.8M | $16.0M | $18.1M | $3.0M | — | View 990 |
| 2015 | $16.8M | $16.0M | $16.1M | $1.9M | — | View 990 |
| 2014 | $15.6M | $15.2M | $15.3M | $1.9M | — | View 990 |
| 2013 | $14.8M | $14.5M | $14.8M | $1.7M | — | View 990 |
| 2012 | $14.6M | $14.2M | $14.5M | $1.8M | — | View 990 |
| 2011 | $14.0M | $13.6M | $14.0M | $1.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $104.2M, expenses of $91.5M, and assets of $60.7M (revenue +6.8% year-over-year).
- 2022: Revenue of $97.5M, expenses of $96.5M, and assets of $45.8M (revenue +184.6% year-over-year).
- 2021: Revenue of $34.3M, expenses of $28.2M, and assets of $38.0M (revenue -3.2% year-over-year).
- 2020: Revenue of $35.4M, expenses of $24.8M, and assets of $32.4M (revenue +106.4% year-over-year).
- 2019: Revenue of $17.2M, expenses of $17.1M, and assets of $19.6M (revenue -2.5% year-over-year).
- 2018: Revenue of $17.6M, expenses of $17.1M, and assets of $19.6M (revenue +3.6% year-over-year).
- 2017: Revenue of $17.0M, expenses of $16.2M, and assets of $18.9M (revenue +1.2% year-over-year).
- 2016: Revenue of $16.8M, expenses of $16.0M, and assets of $18.1M (revenue +0.0% year-over-year).
- 2015: Revenue of $16.8M, expenses of $16.0M, and assets of $16.1M (revenue +7.7% year-over-year).
- 2014: Revenue of $15.6M, expenses of $15.2M, and assets of $15.3M (revenue +5.3% year-over-year).
- 2013: Revenue of $14.8M, expenses of $14.5M, and assets of $14.8M (revenue +1.4% year-over-year).
- 2012: Revenue of $14.6M, expenses of $14.2M, and assets of $14.5M (revenue +4.2% year-over-year).
- 2011: Revenue of $14.0M, expenses of $13.6M, and assets of $14.0M.
Data Sources and Methodology
This transparency report for Regional Food Bank Of N E Ny 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.