Lake County Food Pantry Inc

Analysis

Lake County Food Pantry Inc is a registered charity in United States, based in Madison, SD. It received its IRS tax-exemption ruling in January 1984, 42 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 December 2023, Lake County Food Pantry Inc reported income of $92k and spending of $75k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $216k to $92k (-58%), an average of -58% a year. The sharpest change came in the year to December 2023, when income dropped by 58%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Lake County Food Pantry Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 29th percentile within SD. Charities of a similar size with the same main cause include J T & E J Crumbaugh TR ($92k), Brody Michael Foundation ($92k) and Mills Park Middle Ptsa ($92k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $347k against liabilities of $0, net assets of $347k.