Amazing Grace Food Pantry

Analysis

Amazing Grace Food Pantry is a registered charity in United States, based in Wylie, TX. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover human services, 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, Amazing Grace Food Pantry reported income of $254k and spending of $89k, leaving 65% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $76k to $254k (+235%), an average of +35% a year. The sharpest change came in the year to December 2020, when income rose by 307%. Over the whole period it spent 34% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Amazing Grace Food Pantry sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Ohio State Career Training Center Inc ($254k), Mustard Seed Development Center ($254k) and Two Top Mountain Adaptive Sports Foundation Inc ($253k).

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 $1.2m against liabilities of $0, net assets of $1.2m.