Lovell Area Food Pantry Inc

Analysis

Lovell Area Food Pantry Inc is a registered charity in United States, based in Lovell, ME. It received its IRS tax-exemption ruling in November 2022, 4 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, Lovell Area Food Pantry Inc reported income of $58k and spending of $39k, leaving 33% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $9,170 to $58k (+537%), an average of +537% a year. The sharpest change came in the year to December 2023, when income rose by 537%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lovell Area Food Pantry Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 16th percentile within ME. Charities of a similar size with the same main cause include Hallsville High School Cheerleading Booster Club ($58k), Digital Arts for Autism Inc ($58k) and Small Blessings Corporation ($58k).

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 $69k against liabilities of $0, net assets of $69k.