Open Hands Food Pantry

Analysis

Open Hands Food Pantry is a registered charity in United States, based in Royal Oak, MI. It received its IRS tax-exemption ruling in May 2016, 10 years ago. Its declared purposes cover human services, 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, Open Hands Food Pantry reported income of $171k and spending of $157k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $254k to $171k (-33%), an average of -12% a year. The sharpest change came in the year to December 2022, when income dropped by 29%. Over the whole period it spent 70% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Open Hands Food Pantry sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 50th percentile within MI. Charities of a similar size with the same main cause include A Better Hope Inc ($171k), Angels Closet Charities ($171k) and Babycycle Incorporated ($171k).

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 $336k against liabilities of $16k, net assets of $320k.