The Food Depot
The Food Depot reported $23.5 million in revenue and $22.9 million in expenses for the fiscal year ending June 30, 2025. Of every $100 it spent, $91.66 went to program services, $5.06 to management and general costs and $3.28 to fundraising. Its largest source of revenue was contributions and grants: 96.1% of the total. Government grants made up 20.5%. The highest compensation it reported for one person was $148,915 (EXECUTIVE DI). 4 people received more than $100,000 in reportable compensation. Revenue rose 17% 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 $23MFor context, the median across 3,614 covered human services charities: $88.27 programs, $11.52 management, $0.21 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 $23MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 91.7% | 87.2% |
| Management & general Part IX 25(C) ÷ 25(A) | 5.1% | 11.4% |
| Fundraising Part IX 25(D) ÷ 25(A) | 3.3% | 0.2% |
| 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 | 96.1% | 20.6% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 20.5% | 2.4% |
| Program service revenue share Part VIII 2g ÷ 12 | 1.2% | 70.8% |
| Highest reported compensation Part VII-A, columns D–F | $148,915 | $274,992 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 0.65% | 1.18% |
| People paid over $100,000 Part VII, line 2 | 4 | 6 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 9.9 | 6.9 |
| Independent voting board members Part VI 1a–1b | 19 of 19 | 100.0% |
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 expenseThe Food Depot fosters healthy communities by engaging a network of partners and developing long-term solutions for a healthy, hunger-free northern new mexico. As the food bank for nine counties, the Food Depot provides hunger relief to an average of 43,000 individuals experiencing food insecurity each month. The Food Depot offers groceries and resources to persons experiencing food insecurity through strategic food bank programs and a network of 85 nonprofit hunger relief partners. Overall, the Food Depot distributes to 150 locations across nine counties: colfax, harding, los alamos, mora…
Mobile food pantries serve communities in rural northern new mexico where the majority of families live in a "food desert." food deserts are areas where there is little or no access to a full-service grocery store that offers the fresh and affordable food necessary to maintain a healthy diet. Each mobile food pantry takes place monthly at a community hub such as a church, community center, senior center, or fire station. The Food Depot delivers the food each month to the site community volunteers work to distribute food directly to those in need on the day of delivery. There is no need for…
The Food Depot pantries in 2020, the Food Depot took ownership of the distribution on siler road mangaged by the nonprofit feeding santa fe. The distribution became known as the Food Depot pantry at siler, or the Food Depot pantry. In FY 2025, there are three pantry locations: santa fe (siler road), los alamos, and mora. Santa fe distributes twice each month. Mora and los alamos distribute once each month. The Food Depot pantry at los alamos is a usda commodities distribution; however, mora and santa fe are non-commodity locations. All aspects of a pantry are organized by food bank staff and…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| EXECUTIVE DI Officer, 40.00 hrs/week | $135,581 | $0 | $13,334 | $148,915 |
| IT MANAGER Highest compensated employee, 40.00 hrs/week | $121,226 | $0 | $13,969 | $135,195 |
| EXECUTIVE DI Officer, 40.00 hrs/week | $121,807 | $0 | $9,108 | $130,915 |
| WAREHOUSE MA Highest compensated employee, 40.00 hrs/week | $115,006 | $0 | $14,243 | $129,249 |
4 people received more than $100,000 in reportable compensation from The Food Depot (Part VII, line 2). Compensation of current officers, directors and key employees totaled $280K (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance 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–1b19 · 19 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 11aNo
- 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 4Yes
- 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 555
- Volunteers Part I, line 6642
Private foundation grants it received
52 private foundations reported grants to The Food Depot totaling $455K 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 The Food Depot's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for The Food Depot, you can publish a response that is linked from this page.
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Of every $100 The Food Depot spent in FY2025, $91.66 went to programs. The full breakdown, from its IRS Form 990:
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All human services charities · Largest charities in New Mexico
Questions people ask
How much of The Food Depot's spending goes to programs?
In the fiscal year ending June 30, 2025, The Food Depot reported that 91.7% of its $22.9 million in expenses went to program services, 5.1% to management and general and 3.3% to fundraising (Form 990, Part IX).
How much does The Food Depot pay its top executive?
The largest total compensation The Food Depot reported for one person in the fiscal year ending June 30, 2025 was $148,915, for the role of EXECUTIVE DI (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does The Food Depot get its money?
Of $23.5 million in revenue in the fiscal year ending June 30, 2025, 96.1% came from contributions and grants (including 20.5% from government grants) and 1.2% from program service revenue (Form 990, Part VIII).
Is The Food Depot a registered charity?
The IRS lists EIN 85-0416803 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 202621349349305932 · read the filing
- FY2024: Form 990 for the fiscal year ending June 30, 2024 (amended), object 202520379349301242 · read the filing
- FY2023: Form 990 for the fiscal year ending June 30, 2023, object 202400329349300310 · read the filing
- FY2022: Form 990 for the fiscal year ending June 30, 2022, object 202300659349301135 · read the filing
- FY2021: Form 990 for the fiscal year ending June 30, 2021, object 202113549349300906 · read the filing
- FY2020: Form 990 for the fiscal year ending June 30, 2020, object 202013569349300671 · read the filing
All filings for EIN 85-0416803: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.