Loaves & Fishes Ministries Inc

Analysis

Loaves & Fishes Ministries Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in July 1992, 34 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 & Fishes Ministries Inc reported income of $236k and spending of $260k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $248k to $236k (-5.1%), an average of -1.3% a year. The sharpest change came in the year to December 2022, when income rose by 79%. Over the whole period it spent 70% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Loaves & Fishes Ministries Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within CT. Charities of a similar size with the same main cause include Love Inc of North Oakland County ($236k), Upper Room Deliverance Tabernacle Inc ($236k) and Strategic Global Mission ($236k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% of the total. Compensation of current officers, directors and key employees was $88k (34% of expenses). Other salaries and wages came to $82k. At year end it held assets of $1.1m against liabilities of $0, net assets of $1.1m. It reported 4 employees.