Winthrop Food Pantry
Winthrop Food Pantry shows consistent growth and zero officer compensation over eight years.
EIN: 10542223 · Winthrop, ME · NTEE: K31 · Updated: 2026-03-28
Is Winthrop Food Pantry Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Winthrop Food Pantry directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Winthrop Food Pantry
Winthrop Food Pantry (EIN: 10542223) is a nonprofit organization based in Winthrop, ME, classified under NTEE code K31. The organization reported total revenue of $612K and total assets of $623K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Winthrop Food Pantry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Winthrop Food Pantry is a small nonprofit that has been operating for 25 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 15.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $174K |
| Total Expenses | $146K |
| Surplus / Deficit | +$28K |
| Total Assets | $447K |
| Net Assets | $447K |
| Operating Margin | 16.2% |
| Months of Reserves | 36.8 months |
Financial Health Grade: A
In 2023, Winthrop Food Pantry reported a surplus of $28K with revenue exceeding expenses, holds 36.8 months of operating reserves (strong position).
Financial Trends
Over 8 years of filings (2016–2023), Winthrop Food Pantry's revenue has grown at a compound annual growth rate (CAGR) of 15.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +46.1% | +44.1% | +1.2% |
| 2022 | -42.7% | +7.6% | +10.2% |
| 2021 | +39.6% | +37.9% | +37.4% |
| 2020 | +71.5% | +16.7% | +41.3% |
| 2019 | +28.9% | -2.3% | +13.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2001 |
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 Winthrop Food Pantry 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: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Winthrop Food Pantry allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. 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 $28K, with revenue exceeding expenses.
Executive Compensation Analysis
Winthrop Food Pantry consistently reports 0% officer compensation across all eight years of its filing history, indicating a volunteer-led organization that directs all available funds towards its mission rather than executive salaries.
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 Winthrop Food Pantry:
- Consistent revenue growth from $64,980 in 2016 to $174,093 in 2023.
- Zero officer compensation reported across all eight years of filings.
- Strong asset growth from $151,044 in 2016 to $446,773 in 2023.
- Minimal liabilities, often $0, indicating excellent financial management.
- Positive net income (Revenue > Expenses) in most reported periods, contributing to asset growth.
Frequently Asked Questions about Winthrop Food Pantry
Is Winthrop Food Pantry a legitimate charity?
Based on AI analysis of IRS 990 filings, Winthrop Food Pantry (EIN: 10542223) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Winthrop Food Pantry spend its money?
Winthrop Food Pantry directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Winthrop Food Pantry tax-deductible?
Winthrop Food Pantry is registered as a tax-exempt nonprofit (EIN: 10542223). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How has Winthrop Food Pantry's revenue grown over time?
Winthrop Food Pantry's revenue has shown significant growth, increasing from $64,980 in 2016 to $174,093 in 2023, demonstrating increasing community support and operational scale.
What is the trend in the organization's assets?
The organization's assets have steadily grown from $151,044 in 2016 to $446,773 in 2023, indicating strong financial accumulation and stability.
Does Winthrop Food Pantry pay its officers?
No, Winthrop Food Pantry consistently reports 0% officer compensation across all available IRS 990 filings, suggesting a volunteer-driven leadership model.
What is the organization's liability situation?
Winthrop Food Pantry maintains very low liabilities, frequently reporting $0, which indicates sound financial management and a strong balance sheet.
Filing History
IRS 990 filing history for Winthrop Food Pantry showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Winthrop Food Pantry's revenue has grown by 167.9%, moving from $65K to $174K. Total assets increased by 195.8% over the same period, from $151K to $447K. Total functional expenses rose by 198.8%, from $49K to $146K. In its most recent filing year (2023), Winthrop Food Pantry reported a surplus of $28K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $174K | $146K | $447K | $0 | — | View 990 |
| 2022 | $119K | $101K | $442K | $23K | — | View 990 |
| 2021 | $208K | $94K | $401K | $0 | — | View 990 |
| 2020 | $149K | $68K | $292K | $5K | — | View 990 |
| 2019 | $87K | $58K | $206K | $0 | — | View 990 |
| 2018 | $67K | $60K | $182K | $4K | — | View 990 |
| 2017 | $82K | $60K | $172K | $2K | — | View 990 |
| 2016 | $65K | $49K | $151K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $174K, expenses of $146K, and assets of $447K (revenue +46.1% year-over-year).
- 2022: Revenue of $119K, expenses of $101K, and assets of $442K (revenue -42.7% year-over-year).
- 2021: Revenue of $208K, expenses of $94K, and assets of $401K (revenue +39.6% year-over-year).
- 2020: Revenue of $149K, expenses of $68K, and assets of $292K (revenue +71.5% year-over-year).
- 2019: Revenue of $87K, expenses of $58K, and assets of $206K (revenue +28.9% year-over-year).
- 2018: Revenue of $67K, expenses of $60K, and assets of $182K (revenue -17.6% year-over-year).
- 2017: Revenue of $82K, expenses of $60K, and assets of $172K (revenue +25.7% year-over-year).
- 2016: Revenue of $65K, expenses of $49K, and assets of $151K.
Data Sources and Methodology
This transparency report for Winthrop Food Pantry 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.