Keyport Ministerium Food Pantry Inc

Analysis

Keyport Ministerium Food Pantry Inc is a registered charity in United States, based in Keyport, NJ. It received its IRS tax-exemption ruling in June 2005, 21 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 December 2023, Keyport Ministerium Food Pantry Inc reported income of $79k and spending of $88k, spending 112% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $93k to $79k (-15%), an average of -15% a year. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Keyport Ministerium Food Pantry Inc sits at the 27th percentile: it is larger than about 27% of them. Against every charity in United States with reported income it ranks in the 31st percentile, and in the 38th percentile within NJ. Charities of a similar size with the same main cause include NDS Homes Corporation ($79k), Todd Anglin Home for Children ($79k) and Panther Creek High School Band Booster Association ($79k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 65% and program service revenue 35% of the total. At year end it held assets of $410k against liabilities of $0, net assets of $410k.