Beach Food Pantry Inc

Analysis

Beach Food Pantry Inc is a registered charity in United States, based in Kitty Hawk, NC. It received its IRS tax-exemption ruling in October 2004, 22 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, Beach Food Pantry Inc reported income of $872k and spending of $1.1m, spending 122% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $759k to $872k (+15%), an average of +3.5% a year. The sharpest change came in the year to December 2020, when income rose by 67%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Beach Food Pantry Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within NC. Charities of a similar size with the same main cause include Tulsa Debate League Incorporated ($872k), Code of Support Foundation ($872k) and Childrens Garden Early Learning Center Inc ($871k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $130k. At year end it held assets of $1.2m against liabilities of $72k, net assets of $1.1m. It reported 5 employees.