Food Depot called one of best food banks in U.S.
A Santa Fe-based regional food bank that provides more than 450,000 meals each month to families in need in nine Northern New Mexico counties, including Taos, has been named this week as one of best food banks in the U.S.
The 24/7 Wall St. financial news website recently ranked the Food Depot as No. 26 out the top 40 food banks.
The rankings were calculated using IRS data and other information compiled by the website Charity Navigator, taking into account transparency, accountability and the financial health of each organization, according to 24/7 Wall St.’s article, “The 40 Best Food Banks in America.”
“We are delighted to see this,” Food Depot Executive Director Sherry Hooper said Wednesday. “I attribute the honor to our financial stability and our transparency.
“I believe the honor shows that the Food Depot is an excellent steward of the financial contributions given to us,” Hooper added.
Private and community-run food banks are “vitally important in the fight against hunger,” the 24/7 Wall St. article said, adding that studies show “approximately 25 million people living in working households ... use food banks, the majority as part of their regular survival strategy.”
The Food Depot’s latest audit showed 94 percent of the organization’s revenues go to programs versus administrative overhead, Hooper said.
“Our donors, when giving to nonprofits, look at programs versus administrative costs,” she said.
The Food Depot distributes food through seven direct programs and provides food to 145 partner nonprofits, including food pantries, shelters, soup kitchens, and youth and senior programs. While the Food Depot provides food year-round, demand increases during the holidays. It begins preparing for Thanksgiving and Christmas earlier than others, Hooper said, because its partner agencies need time to prepare and distribute food to their clients.
The Santa Fe-based Food Depot, which provides food to families in nine Northern New Mexico counties, including Taos and Colfax, has been named this week as one of best food banks in the United States.