Loaves and Fishes Food Pantry

Analysis

Loaves and Fishes Food Pantry is a registered charity in United States, based in Ellsworth, ME. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Loaves and Fishes Food Pantry reported income of $603k and spending of $500k, spending 83% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $294k to $603k (+105%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 297%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves and Fishes Food Pantry sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 69th percentile within ME. Charities of a similar size with the same main cause include Cleburne County Aging Program Inc ($603k), Roseland Christian Preschool ($603k) and Metro Erie Meals on Wheels Inc ($603k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $42k (8.3% of expenses). Other salaries and wages came to $21k. At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 4 employees.