Cortland Loaves & Fishes Inc

Analysis

Cortland Loaves & Fishes Inc is a registered charity in United States, based in Cortland, NY. It received its IRS tax-exemption ruling in March 2004, 22 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, Cortland Loaves & Fishes Inc reported income of $208k and spending of $199k, spending 96% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $124k to $208k (+68%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 54%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Cortland Loaves & Fishes Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NY. Charities of a similar size with the same main cause include Black Media Works Inc ($208k), Chairmans Club ($208k) and Choosewell Communities Inc ($208k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $49k (25% of expenses). Other salaries and wages came to $34k. At year end it held assets of $306k against liabilities of $6,512, net assets of $299k. It reported 5 employees.