Open Pantry of Greater Lowell Inc

Analysis

Open Pantry of Greater Lowell Inc is a registered charity in United States, based in Lowell, MA. It received its IRS tax-exemption ruling in January 1984, 42 years ago. 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, Open Pantry of Greater Lowell Inc reported income of $304k and spending of $189k, leaving 38% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $284k to $304k (+6.8%), an average of +2.2% a year. The sharpest change came in the year to December 2023, when income rose by 82%. Over the whole period it spent 68% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Open Pantry of Greater Lowell Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 64th percentile within MA. Charities of a similar size with the same main cause include Marshfield Rod and Gun Club Inc ($304k), C S C Housing Development Fund Company Inc ($304k) and World Christian Outreach Inc ($304k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $72k. At year end it held assets of $401k against liabilities of $0, net assets of $401k. It reported 3 employees.