Corner Food Pantry Inc
EIN: 463253476 · Lakeville, CT · NTEE: K31
Is Corner Food Pantry Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Corner Food Pantry Inc
Corner Food Pantry Inc (EIN: 463253476) is a nonprofit organization based in Lakeville, CT, classified under NTEE code K31. The organization reported total revenue of $372K and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Corner Food Pantry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Corner Food Pantry Inc is a small nonprofit that has been operating for 13 years, with 11 years of IRS 990 filings on record (2013–2023).
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $356K |
| Total Expenses | $234K |
| Surplus / Deficit | +$122K |
| Total Assets | $1.5M |
| Net Assets | $1.5M |
| Operating Margin | 34.3% |
| Months of Reserves | 78.4 months |
Financial Health Grade: A
In 2023, Corner Food Pantry Inc reported a surplus of $122K with revenue exceeding expenses, holds 78.4 months of operating reserves (strong position).
Financial Trends
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +7.4% | +6.3% | +54.6% |
| 2022 | -1.5% | +30.8% | +12.7% |
| 2021 | -8.1% | -28.7% | +23.7% |
| 2020 | +155.1% | +161.7% | +22.5% |
| 2019 | -9.8% | +13.9% | +10.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Corner Food Pantry Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Corner Food Pantry Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $122K, with revenue exceeding expenses.
Frequently Asked Questions about Corner Food Pantry Inc
Is Corner Food Pantry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Corner Food Pantry Inc (EIN: 463253476) insufficient data. 0 red flags identified, 0 strengths noted.
How does Corner Food Pantry Inc spend its money?
Detailed spending breakdown data is not yet available for Corner Food Pantry Inc. Check back for updated IRS 990 analysis.
Are donations to Corner Food Pantry Inc tax-deductible?
Corner Food Pantry Inc is registered as a tax-exempt nonprofit (EIN: 463253476). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Filing History
IRS 990 filing history for Corner Food Pantry Inc showing financial trends over 11 years of public records:
Total assets increased by 152795800% over the same period, from $1 to $1.5M. In its most recent filing year (2023), Corner Food Pantry Inc reported a surplus of $122K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $356K | $234K | $1.5M | $0 | — | — |
| 2022 | $331K | $220K | $989K | $0 | — | View 990 |
| 2021 | $336K | $168K | $877K | $0 | — | View 990 |
| 2020 | $366K | $236K | $709K | $0 | — | — |
| 2019 | $143K | $90K | $579K | $0 | — | View 990 |
| 2018 | $159K | $79K | $526K | $0 | — | View 990 |
| 2017 | $124K | $85K | $446K | $0 | — | View 990 |
| 2016 | $118K | $81K | $407K | $0 | — | View 990 |
| 2015 | $94K | $89K | $370K | $0 | — | View 990 |
| 2014 | $89K | $63K | $365K | $0 | — | View 990 |
| 2013 | $0 | $0 | $1 | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $356K, expenses of $234K, and assets of $1.5M (revenue +7.4% year-over-year).
- 2022: Revenue of $331K, expenses of $220K, and assets of $989K (revenue -1.5% year-over-year).
- 2021: Revenue of $336K, expenses of $168K, and assets of $877K (revenue -8.1% year-over-year).
- 2020: Revenue of $366K, expenses of $236K, and assets of $709K (revenue +155.1% year-over-year).
- 2019: Revenue of $143K, expenses of $90K, and assets of $579K (revenue -9.8% year-over-year).
- 2018: Revenue of $159K, expenses of $79K, and assets of $526K (revenue +27.8% year-over-year).
- 2017: Revenue of $124K, expenses of $85K, and assets of $446K (revenue +5.4% year-over-year).
- 2016: Revenue of $118K, expenses of $81K, and assets of $407K (revenue +26.0% year-over-year).
- 2015: Revenue of $94K, expenses of $89K, and assets of $370K (revenue +4.9% year-over-year).
- 2014: Revenue of $89K, expenses of $63K, and assets of $365K.
- 2013: Revenue of $0, expenses of $0, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Corner Food Pantry Inc:
Data Sources and Methodology
This transparency report for Corner Food Pantry Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.