Loaves and Fishes Ministry of Beaufort

Analysis

Loaves and Fishes Ministry of Beaufort is a registered charity in United States, based in Beaufort, NC. It received its IRS tax-exemption ruling in May 2011, 15 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 and Fishes Ministry of Beaufort reported income of $699k and spending of $610k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $303k to $699k (+131%), an average of +23% a year. The sharpest change came in the year to December 2020, when income rose by 55%. Over the whole period it spent 97% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Loaves and Fishes Ministry of Beaufort sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within NC. Charities of a similar size with the same main cause include Immanuel Manor Inc ($699k), Chicago Partnership for Church Planting ($700k) and Foundations for Nations Inc ($699k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $188k. At year end it held assets of $282k against liabilities of $135k, net assets of $146k. It reported 13 employees.