Atlantic Food Pantry Inc

Analysis

Atlantic Food Pantry Inc is a registered charity in United States, based in Atlantic, IA. It received its IRS tax-exemption ruling in October 2014, 12 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, Atlantic Food Pantry Inc reported income of $114k and spending of $101k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $56k to $114k (+103%), an average of +19% a year. The sharpest change came in the year to December 2020, when income rose by 78%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Atlantic Food Pantry Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 39th percentile within IA. Charities of a similar size with the same main cause include Thorndale Ffa & 4-H Booster Club ($114k), Dracut Community Food Pantry Inc ($114k) and Avenues Foundation ($114k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. At year end it held assets of $168k against liabilities of $0, net assets of $168k.