Bountiful Blessings Food Pantry

Analysis

Bountiful Blessings Food Pantry is a registered charity in United States, based in Gastonia, NC. It received its IRS tax-exemption ruling in January 2018, 8 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bountiful Blessings Food Pantry reported income of $198k and spending of $116k, leaving 41% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $33k to $198k (+503%), an average of +503% a year. The sharpest change came in the year to December 2023, when income rose by 503%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bountiful Blessings Food Pantry sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 54th percentile, and in the 51st percentile within NC. Charities of a similar size with the same main cause include Salt City Harvest Farm Inc ($198k), Risen Thrift Inc ($198k) and Utah Future Farmers of America Foundation ($198k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $231k against liabilities of $0, net assets of $231k.