Storehouse Food Pantry

Analysis

Storehouse Food Pantry is a registered charity in United States, based in Morehead City, NC. It received its IRS tax-exemption ruling in November 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, Storehouse Food Pantry reported income of $281k and spending of $282k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $177k to $281k (+58%), an average of +58% a year. The sharpest change came in the year to December 2023, when income rose by 58%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Storehouse Food Pantry sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 59th percentile within NC. Charities of a similar size with the same main cause include Maranatha Ministry Inc ($281k), Pennsylvania Dialogue Forum ($281k) and Burma Humanitarian Mission ($281k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $60k against liabilities of $0, net assets of $60k.