New Life Food Pantry Inc

Analysis

New Life Food Pantry Inc is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in August 2016, 10 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, New Life Food Pantry Inc reported income of $1.4m and spending of $1.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $905k to $1.4m (+60%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 60%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, New Life Food Pantry Inc 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 82nd percentile within MD. Charities of a similar size with the same main cause include Dream Machine Tour ($1.4m), Alliance for Children Inc ($1.4m) and Family Justice Center of Georgetown and Horry Counties ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $125k against liabilities of $0, net assets of $125k.