Loaves and Fishes of Tompkins County Inc

Analysis

Loaves and Fishes of Tompkins County Inc is a registered charity in United States, based in Ithaca, NY. It received its IRS tax-exemption ruling in June 1992, 34 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 March 2022, Loaves and Fishes of Tompkins County Inc reported income of $727k and spending of $483k, leaving 34% of income unspent that year. Across the 3 years on record, from March 2020 to March 2022, income grew from $363k to $727k (+100%), an average of +42% a year. The sharpest change came in the year to March 2021, when income rose by 136%. Over the whole period it spent 63% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves and Fishes of Tompkins County Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 71st percentile within NY. Charities of a similar size with the same main cause include South Santa Rosa Interfaith Ministries Incc ($727k), Angies Kitchen Inc ($727k) and Vanburen Council for Human Services NP ($727k).

On its Form 990 for the period ending March 2022, revenue came from contributions and grants 83% of the total. Compensation of current officers, directors and key employees was $83k (17% of expenses). Other salaries and wages came to $158k. At year end it held assets of $1.2m against liabilities of $17k, net assets of $1.2m. It reported 8 employees.