Charlotte Food Shelf Inc

Nonprofit profile at a glance

EIN
832954528
IRS 990-EZ coverage
2021–2024
Forms available
Form 990-EZ 2024, Form 990-N 2022
Location
Charlotte, VT, USA
Phone
8024253252
Rating
94
Verdict
STRONG
Rating confidence
Moderate
Sector
Emergency Assistance

Official website

Reported finances

Revenue
$95,393
Expenses
$96,591
Assets
$93,730
Liabilities
$4,445

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Amounts in USD.

Leadership & pay

5 people listed

Executive titles in this filing

  • MARGARET SHARPE (PRESIDENT)

People named in this filing

  • MARGARET SHARPE (PRESIDENT)
  • NANCY BLOCH (VICE PRESIDE)
  • MICHAEL RUSSELL (TREASURER)

Selected names, not a complete roster or a statement of current roles. Open leadership details for the complete filed list.

Source: IRS Form 990-EZ. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.

Overview

Mission

Charlotte food shelf, inc. Is a non profit striving to provide nutritious food to those residing in charlotte, Vermont or north ferrisburgh, Vermont.

What it reported doing in 2024

The food shelf provides the following types of assistance based on available funds: ~ adult preventative dental care assistance ~ emergency heating assistance (fuel and electric) ~ childrens assistance program (sneakers and winter clothing) ~ emergency assistance grants emergencies outside the scope of established programs may receive assistance based on circumstances and funds available. Using grant funds from the Vermont food bank and employing significant volunteer labor, the charlotte food shelf renovated its space at the charlotte congregational church including new shelving and food storage bins and a new commercial refrigerator. Fy2025 has seen a 30% increase in the number being served, including a 50% increase in the number of children served. This has prompted the food shelf to purchase 31% more food and supplies.

Operating model

Revenue model
Donor-supported. 97% of the money available for current operations came from contributions and gifts.
Distribution model
Direct operator. The filing allocates 100% of reported program-service expenses outside its grant, affiliate-payment, and member-benefit lines. This expense classification does not rule out separately announced grant awards.

The verdict

STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.

Rating breakdown

  • Financial Efficiency: 94
  • Transparency & Controls: 100
  • Sustainability: 42
  • Growth: 100

Detailed rating inputs

Financial Efficiency

  • Mission deployment rate: 94.8%; rating input score 95
  • Program expense ratio: 93.5%; rating input score 93

Transparency & Controls

  • Consistency checks: 100%; rating input score 100; 52nd percentile among comparable filings
  • Major donor itemization: Yes; rating input score 100

Sustainability

  • Operating margin: -1.3%; rating input score 42; 42nd percentile among comparable filings
  • Total-asset coverage ratio: 0.97; rating input score 45; 45th percentile among comparable filings
  • Liabilities to assets ratio: 0.05; rating input score 21; 21st percentile among comparable filings
  • Officer compensation ratio: 0%; rating input score 56; 56th percentile among comparable filings

Growth

  • Program expense growth: 41.4% per year; rating input score 100; 91st percentile among comparable filings
  • Revenue growth: 23.4% per year; rating input score 100; 92nd percentile among comparable filings
  • Asset growth: 0.4% per year; rating input score 100; 40th percentile among comparable filings

Details

  • Where the money goes: 94.8% of revenue deployed · 93.5% of spending went to programs
  • Governance: Filed governance answers
  • Accomplishments: 1 filed program accomplishment · $90K in reported program spending
  • Leadership: top reported pay $0 · 5 people listed
  • Consistency: 7 of 7 current checks pass
  • Schedules: 3 filed schedules
  • Filing history: 3 filing years from 2021 to 2024
  • Contacts: How to reach this organization
  • Money network: Resolved incoming and outgoing counterparties from filed money flows.
  • Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
  • People: Everyone the filings name, and which of them the filings identify by more than a name.

Key Signals

Signals prioritize questions for review. They are not findings of misconduct.

  • Moderate — Sustainability: Operating margin scored 42/100.
  • Moderate — Sustainability: Total-asset coverage ratio scored 45/100.
  • High — Sustainability: Liabilities to assets ratio scored 21/100.
  • Review — Sustainability: Officer compensation ratio scored 56/100.