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CHARITY REVIEW
Issued: December 2024 Expires: December 2026

Food Bank For New York City

Accredited Charity
Accredited Charity

Meets Standards
Accreditation seal
(212) 566-7855
39 Broadway, 10th Floor
New York, NY, 10006-3093
https://www.foodbanknyc.org
📄 Full Report 🖨️ Print 📋 BBB Charity Standards

Standards For Charity Accountability

Governance

  1. Board Oversight
  2. Board Size
  3. Board Meetings
  4. Board Compensation
  5. Conflict of Interest

Measuring Effectiveness

  1. Effectiveness Policy
  2. Effectiveness Report

Finances

  1. Program Expenses
  2. Fundraising Expenses
  3. Accumulating Funds
  4. Audit Report
  5. Detailed Expense Breakdown
  6. Accurate Expense Reporting
  7. Budget Plan

Fundraising & Info

  1. Truthful Materials
  2. Annual Report
  3. Website Disclosures
  4. Donor Privacy
  5. Cause Marketing Disclosures
  6. Complaints

Food Bank For New York City meets the 20 Standards for Charity Accountability.

Stated Purpose:
Founded in 1983, Food Bank For New York City’s mission is to end hunger by organizing food, information, and support for community survival and dignity. Food Bank has been New York City’s major hunger-relief organization working to end hunger throughout the five boroughs for 35 years. Nearly one in five New Yorkers relies on Food Bank for food and other resources. 

Year, State Incorporated:
1983, NY

Food Bank takes a strategic, multifaceted approach that provides meals and builds capacity in the neediest communities, while raising awareness and engagement among all New Yorkers. Food Bank’s strategic direction has expanded from focusing solely on food distribution to a broad range of anti-hunger solutions that help struggling New Yorkers feed their families, lead healthier lives, eat nutritious foods on a limited budget, and become more financially self-sufficient. Through program innovation and development of a strong member network consisting of nearly 1,000 charities and schools citywide, Food Bank’s holistic approach includes emergency food, nutrition education, and income support services, such as free tax prep, application assistance for Supplemental Nutrition Assistance Program (SNAP), and financial coaching which puts resources back into the pockets of vulnerable New Yorkers, helping them to afford food and achieve greater dignity and independence. In addition, Food Bank works toward long-term solutions to food poverty through policy development and research. 

For 35 years, Food Bank has distributed more than 1.2 billion meals through our member network. In addition, Food Bank’s financial empowerment programs have provided low-income New Yorkers with access to over $1 billion in public benefits, tax credits and refunds that moved them closer to food and financial security.

For the year ended June 30, 2023, Food Bank For New York City's program expenses were:

Total Program Services $147,213,633
Total Program Expenses $147,213,633

Chief Executive
Leslie Gordon, President/CEO

Compensation*
$472,059

Chair of the Board
Seraina Macia, CEO & Founder

Chair's Profession / Business Affiliation
Joyn Insurance

Board Size
14

Paid Staff Size
129

* Compensation includes annual salary and, if applicable, benefit plans, expense accounts and other allowances.

Method(s) Used:
Direct mail appeals, Telephone appeals, Invitations to fund raising events, Print advertisements (newspapers, magazines, etc.), Television, Radio, Grant proposals, Internet, Planned giving arrangements, Cause-related marketing (affinity credit cards, consumer product sales, etc.), Appeals via Social Media (Facebook, etc.)

% of Related Contributions on Fundraising: 7.92%

This organization is tax-exempt under section 501(c)(3) of the Internal Revenue Code. It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.

The following information is based on Food Bank For New York City's audited financial statements - consolidated for the year ended June 30, 2023.

Source of Funds
Donated food received and contributions-in-kind (Note 2J,2L, and 9) $82,479,897
Government Contracts (Note 2I and 8) $46,870,465
Contribution - Individuals (Notes 2D) $20,494,994
Contribution - foundations and corporates (notes 2D) $10,975,418
Sales of food and paper products (Note 2K) $2,956,997
Investment activity (Note 2E and 4) $471,912
Special and Other Events $420,267
Other income $7,900
Total Income $164,677,850

Programs: 87% Fundraising: 5% Administrative: 7%

Total Income $164,677,850
Total expenses: $169,090,193
  Program expenses $147,213,633
  Fundraising expenses $9,287,876
  Administrative expenses $12,588,684
  Other expenses $0
Income in Excess of Expenses $-4,412,343
Beginning Net Assets $48,271,621
Other Changes In Net Assets $0
Ending Net Assets $43,859,278
Total Liabilities $42,961,631
Total Assets $86,820,909

An organization may change its practices at any time without notice. A copy of this report has been shared with the organization prior to publication. It is not intended to recommend or deprecate, and is furnished solely to assist you in exercising your own judgment. If the report is about a charity and states the charity meets or does not meet the Standards for Charity Accountability, it reflects the results of an evaluation of information and materials provided voluntarily by the charity. The name Better Business Bureau is a registered service mark of the International Association of Better Business Bureaus.

This report is not to be used for fundraising or promotional purposes.

RELATED CONTENT

Report completed by:
BBB Foundation of Metropolitan New York