Dracut Community Food Pantry Inc

Analysis

Dracut Community Food Pantry Inc is a registered charity in United States, based in Dracut, MA. It received its IRS tax-exemption ruling in December 2007, 19 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, Dracut Community Food Pantry Inc reported income of $114k and spending of $115k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $82k to $114k (+39%), an average of +39% a year. The sharpest change came in the year to December 2023, when income rose by 39%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Dracut Community Food Pantry Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 46th percentile within MA. Charities of a similar size with the same main cause include Atlantic Food Pantry Inc ($114k), Elfa Empowerment Through Learning Friendship and Assimilation ($114k) and Thorndale Ffa & 4-H Booster Club ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $447k against liabilities of $0, net assets of $447k.