Is New Durham Food Pantry Legit?

The New Durham Food Pantry demonstrates strong financial health and spending efficiency, consistently operating with zero liabilities and growing assets. Over the past five reported periods, assets have increased significantly from $32,247 in 2012 to $192,913 in 2023, indicating sound financial management and accumulation of resources. The organization's expenses have remained well below its revenue, allowing for this asset growth, for example, in 2023, expenses were $41,052 against revenues of $53,282. This suggests a sustainable operational model. The pantry's spending efficiency is excellent, particularly given that 0% of its expenses are allocated to officer compensation across all reported periods. This indicates that resources are primarily directed towards its mission. While specific program, administrative, and fundraising expense breakdowns are not detailed in the provided summary, the absence of officer compensation strongly implies a high proportion of spending is program-related. The consistent growth in revenue, from $38,544 in 2012 to $53,282 in 2023 (with a peak of $65,186 in 2017), also points to sustained community support. Transparency appears to be high, as evidenced by consistent IRS 990 filings and the clear reporting of zero liabilities and no officer compensation. The organization's focus on accumulating assets while maintaining low expenses and no debt is a positive indicator of long-term stability and responsible stewardship of donations. The NTEE code K31 (Food Banks & Pantries) aligns directly with its name and mission, further reinforcing its clear purpose.