Somerset Community Food Pantry Inc

Analysis

Somerset Community Food Pantry Inc is a registered charity in United States, based in Somerset, WI. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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, Somerset Community Food Pantry Inc reported income of $158k and spending of $156k, spending 99% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $483k to $158k (-67%), an average of -43% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 56% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Somerset Community Food Pantry Inc sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 48th percentile within WI. Charities of a similar size with the same main cause include Pennsylvania State Association of County Fairs ($158k), Walker River Basin Communities Foundation ($158k) and Boyne Area Gymnastics Inc ($158k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 50% and program service revenue 47% of the total. Other salaries and wages came to $36k. At year end it held assets of $742k against liabilities of $6,668, net assets of $735k. It reported 3 employees.