Hope Street Food Pantry Inc

Analysis

Hope Street Food Pantry Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2019, 7 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, Hope Street Food Pantry Inc reported income of $1.2m and spending of $1.3m, spending 101% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $516k to $1.2m (+140%), an average of +34% a year. The sharpest change came in the year to December 2023, when income rose by 76%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Street Food Pantry Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within NC. Charities of a similar size with the same main cause include Chautauqua Adult Day Care Centers Incorporated ($1.2m), Lovepacs ($1.2m) and Wings As Eagles Ministries ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (3.9% of expenses). At year end it held assets of $117k against liabilities of $2,646, net assets of $115k. It reported 4 employees.