Provisions Food Pantry & Thrift Store
Provisions Food Pantry & Thrift Store consistently operates with a surplus and zero executive compensation, growing assets to over $400,000.
EIN: 20515587 · West Ossipee, NH · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $230K |
| Total Expenses | $160K |
| Program Spending | 90% |
| Net Assets | $346K |
| Transparency Score | 95/100 |
Is Provisions Food Pantry & Thrift Store Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Provisions Food Pantry & Thrift Store directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Provisions Food Pantry & Thrift Store
Provisions Food Pantry & Thrift Store (EIN: 20515587) is a nonprofit organization based in West Ossipee, NH, classified under NTEE code P60. The organization reported total revenue of $230K and total assets of $382K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Provisions Food Pantry & Thrift Store's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Provisions Food Pantry & Thrift Store is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 12.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $227K |
| Total Expenses | $160K |
| Surplus / Deficit | +$68K |
| Total Assets | $413K |
| Total Liabilities | $66K |
| Net Assets | $346K |
| Operating Margin | 29.8% |
| Debt-to-Asset Ratio | 16.0% |
| Months of Reserves | 31.0 months |
Financial Health Grade: A
In 2023, Provisions Food Pantry & Thrift Store reported a surplus of $68K with revenue exceeding expenses, holds 31.0 months of operating reserves (strong position), has a debt-to-asset ratio of 16.0% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Provisions Food Pantry & Thrift Store's revenue has grown at a compound annual growth rate (CAGR) of 12.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -4.2% | -23.4% | +18.1% |
| 2022 | +4.4% | +0.2% | +7.5% |
| 2021 | -6.6% | +20.6% | +5.0% |
| 2020 | +57.2% | +11.3% | +27.7% |
| 2019 | +1.5% | +4.2% | -1.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Provisions Food Pantry & Thrift Store with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 10%
- programs: 90%
- fundraising: 0%
According to IRS 990 filings, Provisions Food Pantry & Thrift Store allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $68K, with revenue exceeding expenses.
- Debt-to-asset ratio: 16.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers or key employees receive salaries from the organization, which is exceptional for a nonprofit of its size and demonstrates a high level of volunteer commitment.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Provisions Food Pantry & Thrift Store:
- Zero officer compensation, indicating high efficiency and volunteer commitment.
- Consistent financial surplus, demonstrating sound financial management (e.g., $67,747 surplus in 2023).
- Healthy growth in assets, increasing from $242,257 in 2019 to $412,526 in 2023.
- Stable and growing revenue stream, averaging over $200,000 in recent years.
- Consistent IRS 990 filing history over 13 periods, showing strong transparency and accountability.
Frequently Asked Questions about Provisions Food Pantry & Thrift Store
Is Provisions Food Pantry & Thrift Store a legitimate charity?
Based on AI analysis of IRS 990 filings, Provisions Food Pantry & Thrift Store (EIN: 20515587) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Provisions Food Pantry & Thrift Store spend its money?
Provisions Food Pantry & Thrift Store directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Provisions Food Pantry & Thrift Store tax-deductible?
Provisions Food Pantry & Thrift Store is registered as a tax-exempt nonprofit (EIN: 20515587). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Provisions Food Pantry & Thrift Store compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Provisions Food Pantry & Thrift Store is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Provisions Food Pantry & Thrift Store located?
Provisions Food Pantry & Thrift Store is headquartered in West Ossipee, New Hampshire and files with the IRS under EIN 20515587. It is classified under NTEE code P60.
How many years of IRS 990 filings does Provisions Food Pantry & Thrift Store have?
Provisions Food Pantry & Thrift Store has 13 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 $230K in total revenue.
Is Provisions Food Pantry & Thrift Store a good charity?
Yes, based on the IRS 990 data, Provisions Food Pantry & Thrift Store appears to be a very good charity. It consistently operates with a financial surplus, has growing assets ($412,526 in 2023), and reports 0% officer compensation, indicating high efficiency and dedication to its mission.
How does Provisions Food Pantry & Thrift Store manage its expenses?
The organization manages its expenses effectively, consistently spending less than its revenue. For example, in 2023, expenses were $159,678 against $227,425 in revenue, resulting in a significant surplus. This suggests prudent financial management and resource allocation.
What is the trend in the organization's assets and liabilities?
Provisions Food Pantry & Thrift Store has shown a positive trend in its financial health. Assets have grown significantly from $242,257 in 2019 to $412,526 in 2023, while liabilities have generally decreased from $82,753 in 2019 to $66,155 in 2023, indicating a strengthening balance sheet.
Filing History
IRS 990 filing history for Provisions Food Pantry & Thrift Store showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Provisions Food Pantry & Thrift Store's revenue has grown by 328.3%, moving from $53K to $227K. Total assets increased by 104.6% over the same period, from $202K to $413K. Total functional expenses rose by 189.8%, from $55K to $160K. In its most recent filing year (2023), Provisions Food Pantry & Thrift Store reported a surplus of $68K, with revenue exceeding expenses. The organization holds $66K in liabilities against $413K in assets (debt-to-asset ratio: 16.0%), resulting in net assets of $346K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $227K | $160K | $413K | $66K | — | — |
| 2022 | $237K | $208K | $349K | $71K | — | View 990 |
| 2021 | $227K | $208K | $325K | $75K | — | — |
| 2020 | $243K | $173K | $309K | $79K | — | View 990 |
| 2019 | $155K | $155K | $242K | $83K | — | View 990 |
| 2018 | $153K | $149K | $246K | $86K | — | View 990 |
| 2017 | $147K | $145K | $249K | $93K | — | View 990 |
| 2016 | $123K | $123K | $253K | $99K | — | View 990 |
| 2015 | $92K | $98K | $258K | $104K | — | View 990 |
| 2014 | $90K | $85K | $258K | $99K | — | View 990 |
| 2013 | $93K | $57K | $256K | $102K | — | View 990 |
| 2012 | $56K | $33K | $222K | $104K | — | View 990 |
| 2011 | $53K | $55K | $202K | $106K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $227K, expenses of $160K, and assets of $413K (revenue -4.2% year-over-year).
- 2022: Revenue of $237K, expenses of $208K, and assets of $349K (revenue +4.4% year-over-year).
- 2021: Revenue of $227K, expenses of $208K, and assets of $325K (revenue -6.6% year-over-year).
- 2020: Revenue of $243K, expenses of $173K, and assets of $309K (revenue +57.2% year-over-year).
- 2019: Revenue of $155K, expenses of $155K, and assets of $242K (revenue +1.5% year-over-year).
- 2018: Revenue of $153K, expenses of $149K, and assets of $246K (revenue +4.1% year-over-year).
- 2017: Revenue of $147K, expenses of $145K, and assets of $249K (revenue +18.9% year-over-year).
- 2016: Revenue of $123K, expenses of $123K, and assets of $253K (revenue +34.0% year-over-year).
- 2015: Revenue of $92K, expenses of $98K, and assets of $258K (revenue +2.5% year-over-year).
- 2014: Revenue of $90K, expenses of $85K, and assets of $258K (revenue -3.3% year-over-year).
- 2013: Revenue of $93K, expenses of $57K, and assets of $256K (revenue +65.8% year-over-year).
- 2012: Revenue of $56K, expenses of $33K, and assets of $222K (revenue +5.6% year-over-year).
- 2011: Revenue of $53K, expenses of $55K, and assets of $202K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Provisions Food Pantry & Thrift Store:
Data Sources and Methodology
This transparency report for Provisions Food Pantry & Thrift Store 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.