Food, Agriculture & Nutrition
(K31Z)
IRS Verified
DX Registered
990 on File
GREATER LANSING FOOD BANK
Financial strength (30%)
69/100
Reliability (20%)
55/100
Effectiveness (25%)
100/100
Impact (25%)
80/100
CharityAI™ Score
Not yet evaluated
Mission Statement
The mission of the Greater Lansing Food Bank (GLFB) is to alleviate hunger one meal at a time and create a future where everyone has access to nourishing food. By partnering with community members, organizations, and volunteers, GLFB strives to ensure food security for all, focusing on dignity, hope, and equitable access to resources for individuals and families across mid-Michigan?.
Financial Overview — FY 2024
$24.8M
Total Revenue
$25.1M
Total Expenses
$12.3M
Net Assets
54
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
94.8%
Fundraising Efficiency
5223.1%
Operating Reserve
5.91x
Liability-to-Asset
12.2%
Revenue Diversification
96.2%
Executive Compensation
$155K
Compared with Peers
FY 2024
Compared with 176 similar organizations
(United States, Food, Agriculture & Nutrition, $10M–$100M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
94.8% | 94.7% |
P10P90
|
Above median |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
3.1% | 2.9% |
P10P90
|
Below median |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
2.1% | 2.1% |
P10P90
|
Below median |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
5223.1% | 723.0% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
5.9 mo | 6.5 mo |
P10P90
|
Below median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
12.2% | 9.2% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
96.2% | 96.5% |
P10P90
|
Above median |
|
Revenue growth
Year over year revenue growth
|
34.9% | 11.7% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
22.6% | 10.6% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-0.9% | 1.2% |
P10P90
|
Impact
1 program| Outcome / Program | People Served | Cost / Service | # Completed | Duration |
|---|---|---|---|---|
| distributing 12.5 million pounds of food, equating to over 10.5 million meals provided, serving 16,9 | 12,500,000 | $1.50 | — | Per Day |
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $24.8M | $25.1M | $12.3M | 94.8% | 54 |
| 2023 | $18.4M | $20.4M | $12.6M | 93.8% | 58 |
| 2022 | $19.3M | $20.3M | $14.6M | 94.5% | 60 |
| 2021 | $24.0M | $20.8M | N/A | — | 42 |
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