Gods Pantry Food Bank Inc

Analysis

Gods Pantry Food Bank Inc is a registered charity in United States, based in Lexington, KY. It received its IRS tax-exemption ruling in March 1980, 46 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 June 2023, Gods Pantry Food Bank Inc reported income of $66.7m and spending of $69.1m, spending 104% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $56.9m to $66.7m (+17%), an average of +4.0% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 95% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Gods Pantry Food Bank Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within KY. Charities of a similar size with the same main cause include Childrens Service Society of Wisconsin ($66.5m), Transportation Research Center Inc ($66.7m) and National Organization for Rare Disorders Inc ($66.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $275k (0.4% of expenses). Other salaries and wages came to $3.5m. It paid $325k in professional fundraising fees. At year end it held assets of $27.4m against liabilities of $2.1m, net assets of $25.3m. It reported 91 employees.