Somerset Area Food Pantry

Analysis

Somerset Area Food Pantry is a registered charity in United States, based in Somerset, PA. It received its IRS tax-exemption ruling in November 1993, 33 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 March 2024, Somerset Area Food Pantry reported income of $287k and spending of $350k, spending 122% of what it took in. Across the 3 years on record, from March 2021 to March 2024, income grew from $257k to $287k (+12%), an average of +5.8% a year. The sharpest change came in the year to March 2024, when income rose by 22%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Somerset Area Food Pantry sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 59th percentile within PA. Charities of a similar size with the same main cause include Capoeira Arts Foundation Inc ($287k), Pipestone Indian Shrine Association ($287k) and Highlands Court Inc ($287k).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $157k against liabilities of $0, net assets of $157k.