Reading Food Pantry Inc

Analysis

Reading Food Pantry Inc is a registered charity in United States, based in Reading, MA. It received its IRS tax-exemption ruling in May 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 June 2024, Reading Food Pantry Inc reported income of $495k and spending of $499k, spending 101% of its income. Across the 2 years on record, from June 2023 to June 2024, income grew from $338k to $495k (+46%), an average of +46% a year. The sharpest change came in the year to June 2024, when income rose by 46%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Reading Food Pantry Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Wabash Independent Living and Learning Center Inc ($495k), Creamos Norte ($496k) and We Are One New Jersey ($495k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 98% of the total. At year end it held assets of $403k against liabilities of $0, net assets of $403k.