Springs Food Pantry Inc

Analysis

Springs Food Pantry Inc is a registered charity in United States, based in East Hampton, NY. It received its IRS tax-exemption ruling in March 2019, 7 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, Springs Food Pantry Inc reported income of $770k and spending of $838k, spending 109% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $1.3m to $770k (-40%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 47%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Springs Food Pantry Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 72nd percentile within NY. Charities of a similar size with the same main cause include Foundations Christian Counseling Services Inc ($770k), Building Direction for Families Inc ($770k) and Jewish Center for Justice ($770k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m.