Community Loaves

Analysis

Community Loaves is a registered charity in United States, based in Kirkland, WA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Loaves reported income of $757k and spending of $211k, leaving 72% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $175k to $757k (+333%), an average of +108% a year. The sharpest change came in the year to December 2023, when income rose by 141%. Over the whole period it spent 48% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Community Loaves sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 75th percentile within WA. Charities of a similar size with the same main cause include Winn Area Activity Center ($757k), Hebni Nutrition Consultants Inc ($757k) and Access Independence Inc ($757k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.0% of the total. Other salaries and wages came to $43k. At year end it held assets of $672k against liabilities of $18k, net assets of $653k. It reported 7 employees.