Waldoboro Food Pantry

Analysis

Waldoboro Food Pantry is a registered charity in United States, based in Waldoboro, ME. It received its IRS tax-exemption ruling in December 2015, 11 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, Waldoboro Food Pantry reported income of $159k and spending of $97k, leaving 39% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $122k to $159k (+30%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 65% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Waldoboro Food Pantry sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 42nd percentile within ME. Charities of a similar size with the same main cause include House of Hope Inc ($159k), Ciyota Inc ($159k) and Institute for Responsible Online and Cell-Phone Communicatio ($159k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $193k against liabilities of $0, net assets of $193k.