Hanover Area Food Shelf Inc

Analysis

Hanover Area Food Shelf Inc is a registered charity in United States, based in Hanover, MN. It received its IRS tax-exemption ruling in February 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Hanover Area Food Shelf Inc reported income of $211k and spending of $367k, spending 174% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $116k to $211k (+82%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 123%. 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, Hanover Area Food Shelf 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 53rd percentile within MN. Charities of a similar size with the same main cause include Magic Fund Inc ($211k), Care Organization ($211k) and Clock Inc ($211k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $6,486 (1.8% of expenses). At year end it held assets of $351k against liabilities of $0, net assets of $351k. It reported 2 employees.