Empower Boone Inc Fka Belvidere- Boone County Food Pantry

Analysis

Empower Boone Inc Fka Belvidere- Boone County Food Pantry is a registered charity in United States, based in Capron, IL. It received its IRS tax-exemption ruling in June 2023, 3 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a private operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Empower Boone Inc Fka Belvidere- Boone County Food Pantry reported income of $72k and spending of $112k, spending 156% of what it took in. Across the 3 years on record, from June 2019 to June 2024, income fell from $95k to $72k (-24%), an average of -13% a year. The sharpest change came in the year to June 2024, when income dropped by 30%. Over the whole period it spent 153% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Empower Boone Inc Fka Belvidere- Boone County Food Pantry sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 29th percentile within IL. Charities of a similar size with the same main cause include Gathering Place for Community Arts and Education ($72k), Beyond the Hoop Inc ($72k) and Eastside Youth Services & Street Outreach Inc ($72k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $19k (17% of expenses). Other salaries and wages came to $29k. At year end it held assets of $331k against liabilities of $26k, net assets of $305k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.