Independence Area Food Pantry

Analysis

Independence Area Food Pantry is a registered charity in United States, based in Independence, IA. It received its IRS tax-exemption ruling in September 1997, 29 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, Independence Area Food Pantry reported income of $170k and spending of $125k, leaving 27% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $232k to $170k (-27%), an average of -14% a year. The sharpest change came in the year to December 2022, when income dropped by 33%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Independence Area Food Pantry sits at the 45th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 51st percentile within IA. Charities of a similar size with the same main cause include Wilsonville Community Sharing ($170k), Reseda Horizons ($170k) and Iringa Hope ($170k).

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 $336k against liabilities of $0, net assets of $336k.