Cooperstown Food Pantry Inc

Analysis

Cooperstown Food Pantry Inc is a registered charity in United States, based in Cooperstown, NY. It received its IRS tax-exemption ruling in May 2021, 5 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, Cooperstown Food Pantry Inc reported income of $238k and spending of $233k, spending 98% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $230k to $238k (+3.6%), an average of +1.8% a year. The sharpest change came in the year to December 2023, when income rose by 15%. Over the whole period it spent 81% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cooperstown Food Pantry Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within NY. Charities of a similar size with the same main cause include Kosher Troops Inc ($238k), Monroe Gospel Womens Mission ($238k) and Selah Neighborhood Homeless Coalition ($238k).

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 $55k (24% of expenses). Other salaries and wages came to $32k. At year end it held assets of $660k against liabilities of $0, net assets of $660k. It reported 4 employees.