Centre Street Food Pantry Inc

Analysis

Centre Street Food Pantry Inc is a registered charity in United States, based in Newton, MA. 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, Centre Street Food Pantry Inc reported income of $1.5m and spending of $1.4m, spending 96% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $1.2m to $1.5m (+19%), an average of +6.1% a year. The sharpest change came in the year to December 2021, when income rose by 30%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Centre Street Food Pantry Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 82nd percentile within MA. Charities of a similar size with the same main cause include Child to Family Connections Inc ($1.5m), The Society of Saint Vincent de Paul Fort Worth Diocesan Council ($1.5m) and Under His Construction ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $171k. At year end it held assets of $729k against liabilities of $11k, net assets of $718k. It reported 5 employees.