Corner Food Pantry Inc

Analysis

Corner Food Pantry Inc is a registered charity in United States, based in Lakeville, CT. 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, Corner Food Pantry Inc reported income of $356k and spending of $234k, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $143k to $356k (+148%), an average of +26% a year. The sharpest change came in the year to December 2020, when income rose by 155%. 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, Corner Food Pantry Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 62nd percentile within CT. Charities of a similar size with the same main cause include Walters Walk ($356k), Greece Ecumenical Food Shelf and Clothing Closet Inc ($356k) and Schuyler Ministerial Association Inc ($356k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $1.5m against liabilities of $0, net assets of $1.5m.