Wellesley Food Pantry Inc

Analysis

Wellesley Food Pantry Inc is a registered charity in United States, based in Wellesley, MA. It received its IRS tax-exemption ruling in May 2011, 15 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 January 2024, Wellesley Food Pantry Inc reported income of $182k and spending of $199k, spending 109% of what it took in. Across the 4 years on record, from January 2021 to January 2024, income fell from $294k to $182k (-38%), an average of -15% a year. The sharpest change came in the year to January 2022, when income dropped by 31%. Over the whole period it spent 105% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Wellesley Food Pantry Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within MA. Charities of a similar size with the same main cause include Palo Alto Chesed Fund Inc ($182k), Hopestart International ($182k) and Inspire Family Life Center ($182k).

On its Form 990-EZ for the period ending January 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $156k against liabilities of $632, net assets of $156k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.