Loaves Fishes & Computers Inc

Analysis

Loaves Fishes & Computers Inc is a registered charity in United States, based in Salinas, CA. It received its IRS tax-exemption ruling in September 2011, 15 years ago. Its declared purposes cover human services, 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, Loaves Fishes & Computers Inc reported income of $635k and spending of $666k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $338k to $635k (+88%), an average of +17% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves Fishes & Computers Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within CA. Charities of a similar size with the same main cause include Sixth Street Community Center Inc ($635k), Authentic Intimacy Corporation ($635k) and Rose of Sharon Inc ($635k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 19% of the total. Compensation of current officers, directors and key employees was $78k (12% of expenses). Other salaries and wages came to $349k. At year end it held assets of $271k against liabilities of $30k, net assets of $242k. It reported 14 employees.