First Place Food Pantry Inc

Analysis

First Place Food Pantry Inc is a registered charity in United States, based in Troy, OH. It received its IRS tax-exemption ruling in January 2017, 9 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 2022, First Place Food Pantry Inc reported income of $1.6m and spending of $1.7m, spending 104% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $317k to $1.6m (+412%), an average of +72% a year. The sharpest change came in the year to December 2021, when income rose by 156%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, First Place Food Pantry Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include Shelter Ministries of Rowan County ($1.6m), Centro de Apoyo Familiar Caf ($1.6m) and Yuba-Sutter Fair Heritage Foundation ($1.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $82k. At year end it held assets of $385k against liabilities of $21k, net assets of $365k. It reported 2 employees.