Henry County Food Pantry Inc

Analysis

Henry County Food Pantry Inc is a registered charity in United States, based in Bassett, VA. It received its IRS tax-exemption ruling in April 2009, 17 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, Henry County Food Pantry Inc reported income of $74k and spending of $128k, spending 172% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $243k to $74k (-69%), an average of -33% a year. The sharpest change came in the year to December 2021, when income dropped by 59%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Henry County Food Pantry Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within VA. Charities of a similar size with the same main cause include Healed and Restored Inc ($74k), Yeyjin Korean Community Service Center ($74k) and Nagaland Outreach Childrensministry Inc ($74k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $36k against liabilities of $0, net assets of $36k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.