Lakes Region Food Pantry

Analysis

Lakes Region Food Pantry is a registered charity in United States, based in Moultonboro, NH. It received its IRS tax-exemption ruling in February 2013, 13 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, Lakes Region Food Pantry reported income of $474k and spending of $443k, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $282k to $474k (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 74%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lakes Region Food Pantry sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 71st percentile within NH. Charities of a similar size with the same main cause include Open Hearts for Orphans Inc ($474k), Robert E Berry Halfway House Inc ($474k) and The Freedom Center Inc ($474k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 29% of the total. Compensation of current officers, directors and key employees was $67k (15% of expenses). Other salaries and wages came to $34k. At year end it held assets of $752k against liabilities of $0, net assets of $752k.