The Salem Pantry Inc

Analysis

The Salem Pantry Inc is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in January 2009, 17 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, The Salem Pantry Inc reported income of $4.7m and spending of $4.6m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $408k to $4.7m (+1055%), an average of +84% a year. The sharpest change came in the year to December 2020, when income rose by 376%. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Salem Pantry Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 91st percentile within MA. Charities of a similar size with the same main cause include Angelheart Inc ($4.7m), Norse Home Inc ($4.7m) and New Way Homes Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $103k (2.2% of expenses). Other salaries and wages came to $508k. At year end it held assets of $1.6m against liabilities of $242k, net assets of $1.3m. It reported 13 employees.