Golden Corner Food Pantry

Analysis

Golden Corner Food Pantry is a registered charity in United States, based in Seneca, SC. It received its IRS tax-exemption ruling in April 1986, 40 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Golden Corner Food Pantry reported income of $1.5m and spending of $1.3m, spending 90% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $621k to $1.5m (+135%), an average of +24% a year. The sharpest change came in the year to December 2022, when income rose by 75%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Golden Corner Food Pantry sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 86th percentile within SC. Charities of a similar size with the same main cause include Foundation of Trustees for the Family Learning Center ($1.5m), Amens Care Inc ($1.5m) and Family Services of Davidson County Inc ($1.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $71k (5.4% of expenses). At year end it held assets of $1.7m against liabilities of $41k, net assets of $1.6m. It reported 1 employees.