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Food Bank of Iowa

Des Moines, IA · EIN 42-1177880 · 501(c)(3) · Publicly supported organization (170(b)(1)(A)(vi))
Latest filing: Form 990 for the fiscal year ending June 30, 2025 (tax year 2024) · View the filing · Correct or respond

Food Bank of Iowa reported $50.8 million in revenue and $51.1 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $96.32 went to program services, $1.31 to management and general costs and $2.37 to fundraising. Its largest source of revenue was contributions and grants: 94.5% of the total. Government grants made up 18.5%. The highest compensation it reported for one person was $242,968 (PRESIDENT AND CEO (7/1/24-12/31/24)). 2 people received more than $100,000 in reportable compensation. Revenue rose 42% between FY2020 and FY2025. Source: Form 990, FY2025.

Where $100 of spending went

The fiscal year ending June 30, 2025 · Form 990, Part IX, line 25 · total expenses $51M

For context, the median across 349 covered food, agriculture & nutrition charities: $94.56 programs, $3.12 management, $2.32 fundraising (medians computed separately, so they may not sum to $100).

Where $100 of revenue came from

The fiscal year ending June 30, 2025 · Form 990, Part VIII · total revenue $51M

The 990 scorecard · same measures for every charity, no grades

FY2025 filing. Median across 349 covered charities in this category, from their latest filings.
MeasureFY2025Median
Program services
Part IX 25(B) ÷ 25(A)
96.3%94.2%
Management & general
Part IX 25(C) ÷ 25(A)
1.3%3.1%
Fundraising
Part IX 25(D) ÷ 25(A)
2.4%2.3%
Fundraising cost per $1 of contributions
Part IX 25(D) ÷ Part VIII 1h
$0.03$0.02
Contributions & grants share of revenue
Part VIII 1h ÷ 12
94.5%96.4%
Government grants share of revenue
Part VIII 1e ÷ 12
18.5%10.5%
Program service revenue share
Part VIII 2g ÷ 12
3.0%1.3%
Highest reported compensation
Part VII-A, columns D–F
$242,968$213,323
Highest compensation as share of expenses
Part VII-A ÷ Part IX 25(A)
0.48%0.61%
People paid over $100,000
Part VII, line 2
23
Net assets, in months of expenses
Part X 33(B) ÷ monthly expenses
10.26.6
Independent voting board members
Part VI 1a–1b
11 of 11100.0%

A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.

What the money paid for, in its own words

FY2025 · Form 990, Part III · the three largest programs by expense
$49M expenses · 100.0% of program spending · revenue $35M

The organization receives, warehouses, and distributes salvageable food items to non-profit tax exempt member agencies to feed the ill, needy, and infants

Highest reported compensation

FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here
RoleFrom this orgFrom related orgsOtherTotal
PRESIDENT AND CEO (7/1/24-12/31/24)
Highest compensated employee, 40.00 hrs/week
$242,968$0$0$242,968
PRESIDENT AND CEO (1/1/25-6/30/25)
Key employee, 40.00 hrs/week
$194,967$0$0$194,967

2 people received more than $100,000 in reportable compensation from Food Bank of Iowa (Part VII, line 2).

6 years of filings

Form 990, Parts I, VII, IX and X · each row is that year's own filing, linked
RevenueExpenses
$0$20M$40M$60M$80MFY2020FY2021FY2022FY2023FY2024FY2025$51M$51M
FilingRevenueExpensesProgramsNet assetsTop pay
FY2025 ⓘ$51M$51M96.3%$43M$242,968
FY2024 ⓘ$51M$49M96.5%$43M$246,675
FY2023 ⓘ$47M$40M96.0%$39M$236,187
FY2022 ⓘ$35M$33M96.2%$31M$235,454
FY2021 ⓘ$47M$33M96.4%$30M$205,554
FY2020 ⓘ$36M$30M96.5%$16M$193,998

Governance answers, as filed

FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means
  • Voting board members, and how many are independent Part VI, lines 1a–1b11 · 11 independent
  • Audited financial statements Part XII 2bYes
  • Conflict-of-interest policy Part VI 12aYes
  • Whistleblower policy Part VI 13Yes
  • Document retention policy Part VI 14Yes
  • Independent process for top executive pay Part VI 15aYes
  • Board given the 990 before filing Part VI 11aYes
  • Family or business ties among insiders Part VI 2No
  • Aware of a significant diversion of assets Part VI 5No
  • Excess benefit transaction with an insider Part IV 25aNo
  • Loans to or from insiders outstanding Part IV 26No
  • Lobbying, or a 501(h) election in effect Part IV 4No
  • Over $15,000 of professional fundraising services Part IV 18Yes
  • Over $10,000 of activity outside the U.S. Part IV 14bNo
  • Employees Part I, line 50
  • Volunteers Part I, line 611,756

Largest outside contractors

FY2025 · Form 990, Part VII, Section B · businesses only
FEEDING AMERICA
Food inventory
$3,425,712
HATCH INC
Food inventory
$568,329
FAREWAY STORES
Food inventory
$487,943
TRUCK COUNTRY OF IOWA INC
Truck purchase
$327,843

Individuals listed as contractors are left out. 5 contractors were paid more than $100,000 in all.

Private foundation grants it received

46 private foundations reported grants to Food Bank of Iowa totaling $755K on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.

Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.

Correct a figure or respond

Every number above is copied from Food Bank of Iowa's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Food Bank of Iowa, you can publish a response that is linked from this page.

Similar-sized charities in this cause

All food, agriculture & nutrition charities · Largest charities in Iowa

Questions people ask

How much of Food Bank of Iowa's spending goes to programs?

In the fiscal year ending June 30, 2025, Food Bank of Iowa reported that 96.3% of its $51.1 million in expenses went to program services, 1.3% to management and general and 2.4% to fundraising (Form 990, Part IX).

How much does Food Bank of Iowa pay its top executive?

The largest total compensation Food Bank of Iowa reported for one person in the fiscal year ending June 30, 2025 was $242,968, for the role of PRESIDENT AND CEO (7/1/24-12/31/24) (Form 990, Part VII, including compensation from related organizations and other compensation).

Where does Food Bank of Iowa get its money?

Of $50.8 million in revenue in the fiscal year ending June 30, 2025, 94.5% came from contributions and grants (including 18.5% from government grants) and 3.0% from program service revenue (Form 990, Part VIII).

Is Food Bank of Iowa a registered charity?

The IRS lists EIN 42-1177880 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.

Sources

  • FY2025: Form 990 for the fiscal year ending June 30, 2025, object 202600139349302510 · read the filing · XML
  • FY2024: Form 990 for the fiscal year ending June 30, 2024, object 202521279349300812 · read the filing
  • FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202401369349307085 · read the filing
  • FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202301289349303550 · read the filing
  • FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202231309349301308 · read the filing
  • FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202131319349301348 · read the filing

All filings for EIN 42-1177880: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.