Tri Area Ministry Food Pantry

Analysis

Tri Area Ministry Food Pantry is a registered charity in United States, based in Wake Forest, NC. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover human services, 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 January 2024, Tri Area Ministry Food Pantry reported income of $462k and spending of $585k, spending 127% of what it took in. Across the 5 years on record, from January 2020 to January 2024, income grew from $200k to $462k (+131%), an average of +23% a year. The sharpest change came in the year to January 2021, when income rose by 252%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Tri Area Ministry Food Pantry sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 68th percentile within NC. Charities of a similar size with the same main cause include Ellis Hollow Community Center Inc ($462k), Hope Chest Inc ($462k) and Kathys Place ($462k).

On its Form 990 for the period ending January 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $892k against liabilities of $6,741, net assets of $885k.