Community Food Pantry in Tool

Analysis

Community Food Pantry in Tool is a registered charity in United States, based in Tool, TX. It received its IRS tax-exemption ruling in November 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, Community Food Pantry in Tool reported income of $156k and spending of $142k, spending 91% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $334k to $156k (-53%), an average of -32% a year. The sharpest change came in the year to December 2022, when income dropped by 70%. 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, Community Food Pantry in Tool sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 52nd percentile within TX. Charities of a similar size with the same main cause include Coopers Calling ($156k), Care Net Pregnancy Resource Center of Neosho Incorporated ($156k) and Compassionate Love Day Care Inc ($156k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 73% of the total. At year end it held assets of $395k against liabilities of $1,484, net assets of $393k.