Hanson Food Pantry Inc

Analysis

Hanson Food Pantry Inc is a registered charity in United States, based in Hanson, MA. It received its IRS tax-exemption ruling in March 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, Hanson Food Pantry Inc reported income of $67k and spending of $57k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $188k to $67k (-64%), an average of -64% a year. The sharpest change came in the year to December 2023, when income dropped by 64%. 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, Hanson Food Pantry Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 35th percentile within MA. Charities of a similar size with the same main cause include Masterminds Academy ($67k), New Plymouth Senior Citizens ($67k) and Down Syndrome Association of the Lowcountry ($67k).

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 $345k against liabilities of $164k, net assets of $181k.