Little Compton Food Bank

Analysis

Little Compton Food Bank is a registered charity in United States, based in L Compton, RI. It received its IRS tax-exemption ruling in March 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Little Compton Food Bank reported income of $186k and spending of $155k, spending 83% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $111k to $186k (+68%), an average of +68% a year. The sharpest change came in the year to December 2023, when income rose by 68%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Little Compton Food Bank sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within RI. Charities of a similar size with the same main cause include Etuti Institute ($186k), Michael M Kameo Foundation Inc ($186k) and Human Resource Development Agency Inc ($186k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $135k against liabilities of $5,726, net assets of $129k.