Fishes & Loaves Food Pantry Inc

Analysis

Fishes & Loaves Food Pantry Inc is a registered charity in United States, based in Cashiers, NC. It received its IRS tax-exemption ruling in March 2009, 17 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 2022, Fishes & Loaves Food Pantry Inc reported income of $183k and spending of $215k, spending 117% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income fell from $315k to $183k (-42%), an average of -16% a year. The sharpest change came in the year to December 2022, when income dropped by 45%. Over the whole period it spent 73% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Fishes & Loaves Food Pantry Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 49th percentile within NC. Charities of a similar size with the same main cause include Chosen Generations Community Center ($183k), Tennessee Action Council ($183k) and North Spencer Community Action Center Inc ($183k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 140% of the total. At year end it held assets of $867k against liabilities of $11k, net assets of $857k.