Hope Food Pantry

Analysis

Hope Food Pantry is a registered charity in United States, based in Sioux Center, IA. It received its IRS tax-exemption ruling in January 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 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, Hope Food Pantry reported income of $119k and spending of $43k, leaving 64% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $95k to $119k (+26%), an average of +26% a year. The sharpest change came in the year to December 2023, when income rose by 26%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Food Pantry sits at the 37th percentile: it is larger than about 37% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 41st percentile within IA. Charities of a similar size with the same main cause include Family Leadership Center ($119k), Bowl for Hunger ($119k) and Carefree Christopher Columbus Association ($119k).

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 $474k against liabilities of $0, net assets of $474k.