Loaves & Fishes Inc

Analysis

Loaves & Fishes Inc is a registered charity in United States, based in Las Cruces, NM. It received its IRS tax-exemption ruling in February 2012, 14 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, Loaves & Fishes Inc reported income of $1.7m and spending of $1.8m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $329k to $1.7m (+430%), an average of +52% a year. The sharpest change came in the year to December 2020, when income rose by 285%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves & Fishes Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 86th percentile within NM. Charities of a similar size with the same main cause include Step Up Ministry ($1.7m), Meals on Wheels of Middle Georgia Inc ($1.7m) and Hilltop Neighborhood House Inc ($1.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $189k. At year end it held assets of $468k against liabilities of $54k, net assets of $414k. It reported 14 employees.