Saranac Lake Interfaith Food Pantry

Analysis

Saranac Lake Interfaith Food Pantry is a registered charity in United States, based in Saranac Lake, NY. It received its IRS tax-exemption ruling in February 2014, 12 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, Saranac Lake Interfaith Food Pantry reported income of $104k and spending of $55k, leaving 48% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $45k to $104k (+130%), an average of +130% a year. The sharpest change came in the year to December 2023, when income rose by 130%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saranac Lake Interfaith Food Pantry sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 37th percentile within NY. Charities of a similar size with the same main cause include Teens Opposing Poverty Inc ($104k), Care-A-Van Ministries Inc ($104k) and New Life Pregnancy Center Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $495k against liabilities of $0, net assets of $495k.