Food Pantry of Indian River County Inc

Analysis

Food Pantry of Indian River County Inc is a registered charity in United States, based in Vero Beach, FL. It received its IRS tax-exemption ruling in March 2006, 20 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, Food Pantry of Indian River County Inc reported income of $209k and spending of $251k, spending 120% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $234k to $209k (-11%), an average of -3.7% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Pantry of Indian River County Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 58th percentile within FL. Charities of a similar size with the same main cause include Project Education Inc ($209k), New Horizons Un-Limited Inc ($209k) and Ozer Dalim Family Assist Charitable Org Inc ($209k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $235k against liabilities of $0, net assets of $235k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.