Food Pantries of the Capital Dist Inc

Analysis

Food Pantries of the Capital Dist Inc is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in December 1992, 34 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 Pantries of the Capital Dist Inc reported income of $3.1m and spending of $3.3m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $3.1m (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 71%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Food Pantries of the Capital Dist Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 86th percentile within NY. Charities of a similar size with the same main cause include The Womens Center Inc ($3.1m), Wayland Mennonite Home Association ($3.1m) and Michigan League for Public Policy ($3.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $123k (3.7% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.2m against liabilities of $645k, net assets of $1.5m. It reported 29 employees.

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.