Pantry of Broward Inc

Analysis

Pantry of Broward Inc is a registered charity in United States, based in Ft Lauderdale, FL. It received its IRS tax-exemption ruling in September 2007, 19 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 October 2023, Pantry of Broward Inc reported income of $1.6m and spending of $1.7m, spending 107% of what it took in. Across the 5 years on record, from October 2019 to October 2023, income grew from $1.1m to $1.6m (+47%), an average of +10% a year. The sharpest change came in the year to October 2020, when income rose by 499%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Pantry of Broward Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include Jewish Family Services of Greater Charlotte Inc ($1.6m), Space Family Education Inc ($1.6m) and Jenkins Housing Inc ($1.6m).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $106k (6.1% of expenses). Other salaries and wages came to $462k. At year end it held assets of $7.2m against liabilities of $374k, net assets of $6.8m. It reported 13 employees.