Minnies Food Pantry Inc

Analysis

Minnies Food Pantry Inc is a registered charity in United States, based in Plano, TX. It received its IRS tax-exemption ruling in November 2010, 16 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, Minnies Food Pantry Inc reported income of $6.6m and spending of $7.4m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.1m to $6.6m (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Minnies Food Pantry Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Eagles Nest Regeneration ($6.6m), Holly Ridge Center Inc ($6.6m) and Diamond Bar Fund ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $324k (4.4% of expenses). Other salaries and wages came to $815k. At year end it held assets of $10.4m against liabilities of $1.3m, net assets of $9.1m. It reported 9 employees.