Storehouse Food Pantry

Analysis

Storehouse Food Pantry is a registered charity in United States, based in Manchester, TN. It received its IRS tax-exemption ruling in April 2020, 6 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, Storehouse Food Pantry reported income of $404k and spending of $403k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $354k to $404k (+14%), an average of +4.4% a year. The sharpest change came in the year to December 2021, when income rose by 20%. 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, Storehouse Food Pantry sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within TN. Charities of a similar size with the same main cause include Wealth by Health Steps for Change Foundation ($404k), The Lily Pad Day Care Center ($404k) and Just As I Am Ministries Inc ($404k).

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 $2,950 (0.7% of expenses). At year end it held assets of $161k against liabilities of $96k, net assets of $65k.