Care and Share Food Closet

Analysis

Care and Share Food Closet is a registered charity in United States, based in W Farmington, ME. It received its IRS tax-exemption ruling in December 2017, 9 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, Care and Share Food Closet reported income of $107k and spending of $142k, spending 132% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $107k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Care and Share Food Closet sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 32nd percentile within ME. Charities of a similar size with the same main cause include First International Doers Ministries ($107k), Soundstrong ($107k) and Chad Veach Ministries Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 95% of the total. At year end it held assets of $230k against liabilities of $0, net assets of $230k.