Overview
What is Lords Pantry Inc?
Lords Pantry Inc, located in Albany, Georgia, is a dedicated nonprofit organization that offers essential aid to the community. Their primary mission involves distributing food and clothing free of charge to local residents and individuals experiencing homelessness. The organization has significantly contributed by purchasing and distributing approximately 102,603 pounds of food, amounting to $24,075. This philanthropic effort ensures that those in need have access to necessary resources without incurring any costs.
What are the reviews and ratings of this charity?
Charity Navigator Rating: 80% (Three-Star out of Four Stars)
Lords Pantry Inc has earned a Three-Star rating from Charity Navigator, indicating a solid performance in terms of accountability and finance. The charity's overall score of 80% reflects its strong governance practices, with 100% of board members being independent and a well-structured board size. The organization demonstrates transparency and sound financial management with no material diversion of assets reported.
The accountability score highlights several strengths, including excellent document retention practices and comprehensive board meeting minutes. With a low liabilities-to-assets ratio of 0.59%, Lords Pantry Inc shows a stable financial position, which is a positive indicator of its long-term viability. Additionally, the organization allocates 100% of its expenses to programs, showcasing its commitment to its mission.
While the rating showcases a robust framework for accountability, there may be areas for improvement in other aspects that could enhance the charity's overall performance. However, the current financial practices and governance suggest that Lords Pantry Inc is effectively managing its resources to fulfill its mission.
This AI summary has been generated from information found on Charity Navigator.
Is Lords Pantry Inc legitimate?
Lords Pantry Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Lords Pantry Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
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What is the mission statement of Lords Pantry Inc?
Lords Pantry Inc, as a charitable organization, is committed to providing essential resources at no cost to individuals in need, specifically focusing on food and clothing. Their mission is to extend aid to the underprivileged community, ensuring that those who are struggling in the Albany area have access to basic necessities. The organization has demonstrated this commitment by making significant purchases, including a food bank with an approximate value of $24,075, which led to the distribution of over 102,603 pounds of food to those in need.
Who is the CEO of Lords Pantry Inc?
Thomas W Wilburn is the Director of Lords Pantry Inc.
What is the revenue of Lords Pantry Inc?
Lords Pantry Inc's revenue in 2022 was $57,981.
Who are the executives of Lords Pantry Inc and what are their salaries?
There 16 volunteers at Lords Pantry Inc.
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Where can I find the form 990 for Lords Pantry Inc?
Lords Pantry Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Lords Pantry Inc
Lords Pantry Inc is a nonprofit organization that is committed to providing essential resources to those in need, specifically food and clothing, at no cost. Their mission is to serve the community in the Albany, Georgia area by offering these necessities without charging anyone. In 2021, they made significant strides in fulfilling this mission, with approximately $24,075 spent on food bank purchases and other related expenses. This investment resulted in the distribution of over 102,603 pounds of food to individuals and families who rely on their assistance. By doing so, Lords Pantry Inc plays a crucial role in alleviating hunger and ensuring that those who are struggling have access to the basic necessities they require.
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Impact
August, 2024
Lords Pantry Inc's impact is seen through their provision of essential food and clothing at no cost to area residents and the homeless in Albany, Georgia. In a recent accounting period, they distributed approximately 102,603 pounds of food, worth $24,075, to those in need within the community. This direct and tangible support helps alleviate food insecurity and provides necessary resources to those facing hardship in the Albany area.
This information is meant to be a general summary of Lords Pantry Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $5,504
- Gross Receipts: $57,981
Assets and Liabilities:
- Total Assets: $536,091
- Total Liabilities: $2,005
- Net Assets: $534,086
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Organization Details
Founding Year
1976
Phone
(229) 435-0911Principal Officer
Thomas W Wilburn
Main Address
PO Box 70116, Albany, GA, 31708
NTEE Category
Code: K31 - Food
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