Island Pantry Inc

Analysis

Island Pantry Inc is a registered charity in United States, based in Deer Isle, ME. It received its IRS tax-exemption ruling in January 1991, 35 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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 August 2023, Island Pantry Inc reported income of $90k and spending of $69k, leaving 24% of income unspent that year. Across the 2 years on record, from August 2022 to August 2023, income fell from $98k to $90k (-7.5%), an average of -7.5% a year. Over the whole period it spent 53% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Island Pantry Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 27th percentile within ME. Charities of a similar size with the same main cause include Soccer Assoc for Youth ($90k), Twin Cities Community Outreach Inc ($90k) and Ballet Arts Ensemble Inc ($90k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $560k against liabilities of $0, net assets of $560k.