Papermill Food Hub Inc

Analysis

Papermill Food Hub Inc is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in February 2021, 5 years ago. 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, Papermill Food Hub Inc reported income of $89k and spending of $78k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $109k to $89k (-18%), an average of -18% a year. The sharpest change came in the year to December 2023, when income dropped by 18%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Papermill Food Hub Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 32nd percentile within PA. Charities of a similar size with the same main cause include Georgia Extension 4-H Foundation ($89k), Serving Our Community with Kindness in Springwood Inc ($89k) and Southern California Academy of Sciences Los Angeles County Museum ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $14k against liabilities of $0, net assets of $14k.