Saco Food Pantry Inc

Analysis

Saco Food Pantry Inc is a registered charity in United States, based in Saco, ME. It received its IRS tax-exemption ruling in December 2002, 24 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 April 2023, Saco Food Pantry Inc reported income of $160k and spending of $203k, spending 127% of what it took in. Across the 4 years on record, from April 2020 to April 2023, income fell from $174k to $160k (-8.6%), an average of -2.9% a year. The sharpest change came in the year to April 2021, when income rose by 30%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Saco Food Pantry Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 42nd percentile within ME. Charities of a similar size with the same main cause include Lewis & Clark 4-H Foundation Inc ($159k), Missouris Cattlemen Foundation Inc ($160k) and The Bridge Multicultural and Advocacy Project ($159k).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $625k against liabilities of $0, net assets of $625k.