Newton Food Pantry Inc

Analysis

Newton Food Pantry Inc is a registered charity in United States, based in Newton Center, MA. It received its IRS tax-exemption ruling in May 1994, 32 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Newton Food Pantry Inc reported income of $2.2m and spending of $823k, leaving 63% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $230k to $2.2m (+859%), an average of +76% a year. The sharpest change came in the year to June 2020, when income rose by 219%. Over the whole period it spent 35% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Newton Food Pantry Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Family Guidance Institute ($2.2m), R a I N Total Care Inc ($2.2m) and Bannock Youth Foundation Inc ($2.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $5,810 (0.7% of expenses). Other salaries and wages came to $101k. At year end it held assets of $4.0m against liabilities of $7,358, net assets of $4.0m. It reported 1 employees.