Hardwick Area Food Pantry Inc

Analysis

Hardwick Area Food Pantry Inc is a registered charity in United States, based in Hardwick, VT. It received its IRS tax-exemption ruling in April 2004, 22 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, Hardwick Area Food Pantry Inc reported income of $366k and spending of $323k, spending 88% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $223k to $366k (+64%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 63%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hardwick Area Food Pantry Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 58th percentile within VT. Charities of a similar size with the same main cause include Significant Matters Inc ($366k), Community Service Center of Northern Champaign County ($366k) and Muslim Center of Somerset County ($366k).

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 $25k (7.8% of expenses). Other salaries and wages came to $62k. At year end it held assets of $229k against liabilities of $6,838, net assets of $222k. It reported 11 employees.