Interfaith Food Pantry Inc

Analysis

Interfaith Food Pantry Inc is a registered charity in United States, based in Morris Plains, NJ. It received its IRS tax-exemption ruling in April 1999, 27 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, Interfaith Food Pantry Inc reported income of $7.2m and spending of $7.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $7.2m (+62%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 75%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Interfaith Food Pantry Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within NJ. Charities of a similar size with the same main cause include Community Action of Orleans and Genesee Inc ($7.2m), Healthcare for the Homeless-Houston ($7.2m) and Lawrence Family Development Inc ($7.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $208k (2.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $8.7m against liabilities of $45k, net assets of $8.6m. It reported 32 employees.