Falmouth Food Pantry Inc
EIN: 264005067 · Falmouth, ME · NTEE: K31
| Metric | Value |
|---|---|
| Total Revenue | $260K |
| Total Expenses | $192K |
| Net Assets | $270K |
Is Falmouth 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 Falmouth Food Pantry Inc
Falmouth Food Pantry Inc (EIN: 264005067) is a nonprofit organization based in Falmouth, ME, classified under NTEE code K31. The organization reported total revenue of $260K and total assets of $274K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Falmouth Food Pantry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Falmouth Food Pantry Inc is a small nonprofit that has been operating for 17 years, with 7 years of IRS 990 filings on record (2017–2023). Revenue has grown at a compound annual rate of 10.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $173K |
| Total Expenses | $192K |
| Surplus / Deficit | $-19,693 |
| Total Assets | $270K |
| Net Assets | $270K |
| Operating Margin | -11.4% |
| Months of Reserves | 16.9 months |
Financial Health Grade: B
In 2023, Falmouth Food Pantry Inc reported a deficit of $20K with expenses exceeding revenue, holds 16.9 months of operating reserves (strong position).
Financial Trends
Over 7 years of filings (2017–2023), Falmouth Food Pantry Inc's revenue has grown at a compound annual growth rate (CAGR) of 10.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -18.8% | +35.4% | -6.8% |
| 2022 | -13.1% | -37.6% | +24.4% |
| 2021 | -25.5% | -2.3% | +47.4% |
| 2020 | +190.5% | +166.3% | +151.1% |
| 2019 | +12.5% | -3.1% | +0.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Falmouth 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 Falmouth 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 deficit of $20K, with expenses exceeding revenue.
Frequently Asked Questions about Falmouth Food Pantry Inc
Is Falmouth Food Pantry Inc a legitimate charity?
Falmouth Food Pantry Inc (EIN: 264005067) is a registered tax-exempt nonprofit based in Maine. It has 7 years of IRS 990 filings on record. Total revenue: $260K. No red flags identified. Financial health grade: B.
How does Falmouth Food Pantry Inc spend its money?
Falmouth Food Pantry Inc reported $260K in total revenue in IRS 990 filings. 7 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Falmouth Food Pantry Inc tax-deductible?
Falmouth Food Pantry Inc is registered as a tax-exempt nonprofit (EIN: 264005067). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Falmouth Food Pantry Inc located?
Falmouth Food Pantry Inc is headquartered in Falmouth, Maine and files with the IRS under EIN 264005067. It is classified under NTEE code K31.
How many years of IRS 990 filings does Falmouth Food Pantry Inc have?
Falmouth Food Pantry Inc has 7 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $260K in total revenue.
Filing History
IRS 990 filing history for Falmouth Food Pantry Inc showing financial trends over 7 years of public records:
Over 7 years of IRS 990 filings (2017–2023), Falmouth Food Pantry Inc's revenue has grown by 78.1%, moving from $97K to $173K. Total assets increased by 382.5% over the same period, from $56K to $270K. Total functional expenses rose by 105%, from $94K to $192K. In its most recent filing year (2023), Falmouth Food Pantry Inc reported a deficit of $20K, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $173K | $192K | $270K | $0 | — | — |
| 2022 | $213K | $142K | $290K | $0 | — | View 990 |
| 2021 | $245K | $228K | $233K | $0 | — | View 990 |
| 2020 | $328K | $233K | $158K | $0 | — | View 990 |
| 2019 | $113K | $87K | $63K | $0 | — | View 990 |
| 2018 | $100K | $90K | $63K | $0 | — | View 990 |
| 2017 | $97K | $94K | $56K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $173K, expenses of $192K, and assets of $270K (revenue -18.8% year-over-year).
- 2022: Revenue of $213K, expenses of $142K, and assets of $290K (revenue -13.1% year-over-year).
- 2021: Revenue of $245K, expenses of $228K, and assets of $233K (revenue -25.5% year-over-year).
- 2020: Revenue of $328K, expenses of $233K, and assets of $158K (revenue +190.5% year-over-year).
- 2019: Revenue of $113K, expenses of $87K, and assets of $63K (revenue +12.5% year-over-year).
- 2018: Revenue of $100K, expenses of $90K, and assets of $63K (revenue +3.6% year-over-year).
- 2017: Revenue of $97K, expenses of $94K, and assets of $56K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Falmouth Food Pantry Inc:
Data Sources and Methodology
This transparency report for Falmouth 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.