Loaves & Fishes Food Pantry Inc

Analysis

Loaves & Fishes Food Pantry Inc is a registered charity in United States, based in Ayer, MA. It received its IRS tax-exemption ruling in October 2002, 24 years ago. Its declared purposes cover human services, 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 June 2024, Loaves & Fishes Food Pantry Inc reported income of $2.4m and spending of $2.4m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $1.8m to $2.4m (+37%), an average of +8.1% a year. The sharpest change came in the year to June 2021, when income rose by 28%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves & Fishes Food Pantry Inc sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MA. Charities of a similar size with the same main cause include Lake Chelan Senior Housing Inc ($2.4m), Gathering Place ($2.4m) and Franciscan Center Inc ($2.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 95% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $126k (5.2% of expenses). Other salaries and wages came to $223k. At year end it held assets of $4.4m against liabilities of $21k, net assets of $4.4m. It reported 12 employees.