Food, Agriculture & Nutrition
(K31Z)
IRS Verified
DX Registered
990 on File
REGIONAL FOOD BANK OF N E NY INC
Financial strength (30%)
57/100
Reliability (20%)
55/100
Effectiveness (25%)
93/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
The Regional Food Bank is a 501(c)(3) not-for-profit organization that collects donated food from the food industry and distributes it to more than 1,000 partner agencies and programs feeding our neighbors in need throughout 23 counties of northeastern New York. The food provided by the Regional Food Bank helps to feed over 350,000 people each month. In 2024, the Food Bank distributed more than 54 million pounds of food (enough for 45 million meals) to our neighbors in need. The Regional Food Bank is a member of Feeding America, the national network of food banks.
Financial Overview — FY 2024
$121.1M
Total Revenue
$112.5M
Total Expenses
$63.2M
Net Assets
219
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
95.3%
Fundraising Efficiency
313.6%
Operating Reserve
6.74x
Liability-to-Asset
11.8%
Revenue Diversification
92.4%
Executive Compensation
$832K
Compared with Peers
FY 2024
Compared with 25 similar organizations
(United States, Food, Agriculture & Nutrition, $100M and over in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
95.3% | 95.2% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
3.5% | 2.0% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
1.2% | 2.3% |
P10P90
|
Above median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
313.6% | 3173.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
6.7 mo | 5.6 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
11.8% | 11.8% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
92.4% | 98.5% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
16.2% | 16.3% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
23.0% | 11.8% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
7.1% | 2.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $121.1M | $112.5M | $63.2M | 95.3% | 219 |
| 2023 | $104.2M | $91.5M | $54.2M | 96.6% | 161 |
| 2022 | $97.5M | $96.5M | $40.8M | 96.7% | 150 |
| 2021 | $34.3M | $28.2M | N/A | — | 137 |
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