Gladiolus Food Pantry Inc

Analysis

Gladiolus Food Pantry Inc is a registered charity in United States, based in Fort Myers, FL. It received its IRS tax-exemption ruling in September 2015, 11 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, Gladiolus Food Pantry Inc reported income of $1.8m and spending of $1.6m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.8m (+76%), an average of +15% a year. The sharpest change came in the year to December 2022, when income rose by 63%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Gladiolus Food Pantry Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 87th percentile within FL. Charities of a similar size with the same main cause include Womens Center of Tarrant County Foundation ($1.8m), The Summit County Agricultural Society of Ohio ($1.8m) and Urban League of Hampton Roads Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $66k (4.0% of expenses). At year end it held assets of $1.9m against liabilities of $21k, net assets of $1.9m. It reported 1 employees.