Skowhegan Community Food Cupboard

Analysis

Skowhegan Community Food Cupboard is a registered charity in United States, based in Skowhegan, ME. It received its IRS tax-exemption ruling in September 1986, 40 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, Skowhegan Community Food Cupboard reported income of $51k and spending of $72k, spending 142% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $51k (+20%), an average of +20% a year. The sharpest change came in the year to December 2023, when income rose by 20%. Over the whole period it spent 117% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Skowhegan Community Food Cupboard sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 13th percentile within ME. Charities of a similar size with the same main cause include Brook Park Booster Club ($51k), Carroll County Historical Society Inc ($51k) and United Way of Laurel County Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $431k against liabilities of $0, net assets of $431k.