HILLSIDE — The Community FoodBank of New Jersey has earned extremely high grades in Forbes’ 200 Largest Charities List for 2011.
The FoodBank scored well above the national average in fundraising efficiency, which is based on the percentage of income that is used for fundraising expenses. The organization had a fundraising efficiency ratio of 99%, meaning that it spends only one cent to raise a dollar. The national average for all Top 200 charities is 90%.
In the charitable commitment category, which describes the percentage of income that is invested back into programs and services, the FoodBank had a ratio of 96%, compared to an average of 86% for the Top 200 charities, meaning that only 4% of revenue is used for overhead expenses.
“We are thrilled to once again receive high accolades from another reputable judge of our fiscal responsibility and stewardship,” says Phyllis Dunlop, Vice President of Resource Development and Marketing at the FoodBank.
Feeding America, of which the FoodBank is a proud member organization, came in No. 3 behind the United Way and the Salvation Army in the list of largest charities. The rankings are based on the amount of support from the private sector, and are a strong indicator of how crucial individual gifts are in maintaining services to those in need nationally.
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