Philabundance

What it reported doing in 2024

To fulfill its mission to relieve hunger now, philabundance directly distributes food to more than 360 community partners and distributes additional food to another 300 agencies through other indirect partnerships, throughout a 9-county service area covering southeastern Pennsylvania and southern New Jersey. Through collaboration with manufacturers, grocers, and local partners, philabundance is able to purchase, collect, and deliver upwards of 50,000,000 pounds of food annually to food pantries, soup kitchens, food cupboards, emergency shelters, and schoools, providing nutritious options to more than 135,000 people each week, including the region's most vulnerable groups including seniors and children. In addition, the organization activated over 5,600 volunteers who served more than 32,600 hours in the most recently completed fiscal year. Philabundance is committed to providing people with the food they want and need. To help accomplish this, philabundance launched the good food policy, which outlines our commitment to ensuring people have access to nutrious and culturally responsive food that is procured responsibly. This effort builds off our belief to put the people we serve at the center of what we do. With that in mind, philabundance is committeed to not only relieving hunger today but also ending hunger for good. This means we will focus on collaboratively pairing healthy food and other critical services to work toward long-term solutions to food insecurity. In addition, philabundance has a 16 week culinary vocational training program in north philadelphia (known as philabundance community kitchen) which has been transforming the lives of women and men with low-to-no income since 2000.

Financial Efficiency

• Mission deployment rate: 90%; rating input score 90
• Program expense ratio: 90.7%; rating input score 91
• Fundraising efficiency: $18.8 raised per $1 spent on fundraising; rating input score 56; 56th percentile among comparable filings

Transparency & Controls

• Consistency checks: 88.2%; rating input score 88; 2nd percentile among comparable filings
• Pay-setting controls: 3 of 6 controls in place; rating input score 50
  • Compensation committee: Missing
  • Independent consultant: Missing
  • Other Form 990s reviewed: Pass
  • Written employment contract: Missing
  • Compensation survey or study: Pass
  • Board or committee approval: Pass
• Foreign activity oversight: Limited
• Grant itemization coverage: 100%; rating input score 100; 77th percentile among comparable filings
• Major donor itemization: Yes; rating input score 100
• Related-party transparency: Limited

Accountability

• Independent voting board: 100%; rating input score 100; 77th percentile among comparable filings
• Governance controls: 8 of 9 controls in place; rating input score 89
  • Conflict-of-interest policy: Pass
  • Whistleblower policy: Pass
  • Document-retention policy: Pass
  • CEO compensation review process: Pass
  • Other executive compensation review process: Fail
  • Form 990 shared with the board: Pass
  • Board meeting minutes documented: Pass
  • Audit committee oversight: Pass
  • Independent financial-statement audit: Pass

Sustainability

• Operating margin: 0.7%; rating input score 36; 36th percentile among comparable filings
• Total-asset coverage ratio: 0.39; rating input score 14; 14th percentile among comparable filings
• Liabilities to assets ratio: 0.21; rating input score 67; 67th percentile among comparable filings
• Officer compensation ratio: 1.2%; rating input score 70; 70th percentile among comparable filings

Growth

• Program expense growth: 7.2% per year; rating input score 100; 58th percentile among comparable filings
• Revenue growth: 6.7% per year; rating input score 100; 58th percentile among comparable filings
• Asset growth: 9% per year; rating input score 100; 64th percentile among comparable filings