Loaves and Fishes Ministries

Analysis

Loaves and Fishes Ministries is a registered charity in United States, based in Lansing, MI. It received its IRS tax-exemption ruling in August 1982, 44 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Ministries reported income of $413k and spending of $428k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $323k to $413k (+28%), an average of +6.3% a year. The sharpest change came in the year to December 2021, when income rose by 41%. Over the whole period it spent 102% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Loaves and Fishes Ministries sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 67th percentile within MI. Charities of a similar size with the same main cause include Carillon Foundation Inc ($413k), Montgomery Housing Partnership Inc ($413k) and K P C Apartments Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% of the total. Other salaries and wages came to $274k. At year end it held assets of $506k against liabilities of $4,551, net assets of $502k. It reported 11 employees.