Falmouth Food Pantry Inc

Analysis

Falmouth Food Pantry Inc is a registered charity in United States, based in Falmouth, ME. It received its IRS tax-exemption ruling in June 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, Falmouth Food Pantry Inc reported income of $173k and spending of $192k, spending 111% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $245k to $173k (-29%), an average of -16% a year. The sharpest change came in the year to December 2023, when income dropped by 19%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Falmouth Food Pantry Inc sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 43rd percentile within ME. Charities of a similar size with the same main cause include Nebraska City Center for Families & Children Inc ($173k), Montana on a Mission ($173k) and No Res Gourmet ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $270k against liabilities of $0, net assets of $270k.