New London Area Food Pantry

Analysis

New London Area Food Pantry is a registered charity in United States, based in New London, CT. It received its IRS tax-exemption ruling in July 1991, 35 years ago. Its declared purposes cover human services, 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, New London Area Food Pantry reported income of $927k and spending of $933k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $553k to $927k (+67%), an average of +14% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New London Area Food Pantry sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within CT. Charities of a similar size with the same main cause include Ravenswood Community Services Inc ($927k), Young Womens Christian Association ($927k) and Cape Coral Caring Center Inc ($926k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $164k against liabilities of $42k, net assets of $122k.