MERRIMACK VALLEY FOOD BANK INC

LOWELL, MA, 01851-1130 (978) 454-7272 Est. 1993 EIN 22-3241609

K310— Food, Agriculture & Nutrition Form 990 501(c)(3)

WWW.MVFB.ORG

Mission

THE FOCUS OF THE MERRIMACK VALLEY FOOD BANK IS TO HELP MEET A PERSON'S MOST PROFOUND NEED - ADEQUATE NUTRITION AND FREEDOM FROM HUNGER. ONLY THROUGH COOPERATIVE EFFORTS CAN SOCIETY INITIATE CHANGE, DEVELOP STRATEGIES TO ALLEVIATE HUNGER, AND WORK TOWARD THE WELL BEING OF ALL PEOPLE.

Financials

Total Revenue

$8,360,847

Total Expenses

$6,723,108

Net Assets

$6,667,084

23 employees 310 volunteers

From latest filing (tax period ending 2023-06-30)

Financial Health

Operating Reserve

11.9 months Healthy

Net assets / monthly expenses

Year-over-Year Change

Revenue ↑ 44.8%

Expenses ↑ 27.6%

Revenue Sources

Contributions 97.7% Earned revenue 0.8% Investment 0.3% Other 1.0%

Expense Breakdown

Program 94.1% Management 4.9% Fundraising 1.0%

Officers & Key Employees (24)

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Grants Received (98)

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Filing History (6 filings)

Year	Revenue	Expenses	Net Assets
2022 Form 990	$8,360,847 ↑	$6,723,108	$6,667,084
2021 Form 990	$5,773,148 ↓	$5,270,471	$5,029,345
2020 Form 990	$8,136,204 ↑	$6,178,608	$4,526,668
2019 Form 990	$5,822,181 ↑	$4,979,256	$2,569,347
2018 Form 990	$4,591,732 ↑	$4,391,266	$1,726,422
2017 Form 990	$4,198,071	$4,156,551	$1,525,956