Bethel Area District Exchange and Food Pantry

Analysis

Bethel Area District Exchange and Food Pantry is a registered charity in United States, based in Bethel, ME. It received its IRS tax-exemption ruling in February 2013, 13 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, Bethel Area District Exchange and Food Pantry reported income of $540k and spending of $167k, leaving 69% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $60k to $540k (+807%), an average of +807% a year. The sharpest change came in the year to December 2023, when income rose by 807%. Over the whole period it spent 39% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bethel Area District Exchange and Food Pantry sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within ME. Charities of a similar size with the same main cause include Diocese of Ikot Ekpene Office for the Missions USA ($540k), Silverspoon Learning Center ($540k) and Memphis Urban League Inc ($540k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $48k. At year end it held assets of $1.2m against liabilities of $708k, net assets of $498k.