Loaves and Fishes of Hobe Sound Inc

Analysis

Loaves and Fishes of Hobe Sound Inc is a registered charity in United States, based in Hobe Sound, FL. It received its IRS tax-exemption ruling in January 2011, 15 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 and Fishes of Hobe Sound Inc reported income of $160k and spending of $141k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $168k to $160k (-4.6%), an average of -4.6% a year. Over the whole period it spent 97% 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 Hobe Sound Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 52nd percentile within FL. Charities of a similar size with the same main cause include Kiths Integrated and Targeted Human Services ($160k), Papa System Inc ($160k) and Give-A-Kid-Projects ($160k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $126k against liabilities of $0, net assets of $126k.