CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.
Any time an Analysts' Note refers to a charity's Audited Financial Statements or IRS tax form, CharityWatch encourages interested donors to obtain a copy of the referenced documents so that they may view the information in context. Please contact the charity directly to request a copy of any referenced document. Charity tax forms and audits may also be obtained from a number of online databases. For a list of sources, please visit our LINKS page.
|According to the Food Bank for New York City (Food Bank NYC) fiscal 2016 tax filing and consolidated audit of June 30, 2016, Food Bank NYC received donated food inventory valued at $42,625,454 and distributed donated food valued at $42,461,684 in fiscal 2016. The total amount of food distributed by Food Bank NYC, including purchased food and government programs, was valued at $77,480,600 in fiscal 2016. (See IRS Form 990 Schedule M, the Audited Consolidated Statement of Activities & Audit Note 8.)|
The Food Bank for New York City also received in-kind contributed services, "primarily legal services," valued at $381,404 in fiscal 2016 (Audit Note 2L).
[Note: CharityWatch generally excludes the value of in-kind (non-cash) donations of goods and services from its calculations of Program % and Cost to Raise $100. More information on how grades are calculated and the treatment of in-kind donations can be found by clicking on "About CharityWatch" from the navigation bar and then clicking on "Criteria & Methodology".]