Olean Food Pantry Incorporated

Analysis

Olean Food Pantry Incorporated is a registered charity in United States, based in Olean, NY. It received its IRS tax-exemption ruling in March 2005, 21 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, Olean Food Pantry Incorporated reported income of $542k and spending of $439k, spending 81% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $204k to $542k (+166%), an average of +28% a year. The sharpest change came in the year to December 2020, when income rose by 182%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Olean Food Pantry Incorporated sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 67th percentile within NY. Charities of a similar size with the same main cause include Central Florida Diaper Bank Inc ($542k), Kares 4 Kids Partners Inc ($542k) and Pineville Neighbors Place ($542k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $823k against liabilities of $8,781, net assets of $814k.