Loc Food Pantry Inc

Analysis

Loc Food Pantry Inc is a registered charity in United States, based in Temple, TX. It received its IRS tax-exemption ruling in February 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 (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, Loc Food Pantry Inc reported income of $150k and spending of $57k, leaving 62% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income fell from $252k to $150k (-40%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 24%. Over the whole period it spent 35% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loc Food Pantry Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 51st percentile within TX. Charities of a similar size with the same main cause include Building Families for Tomorrow Inc ($150k), Central Vermont Pregnancy Services Inc ($150k) and Life Resources Community Outreach Inc ($150k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $650k against liabilities of $0, net assets of $650k.