Five Loaves Food and Clothing Center Inc

Analysis

Five Loaves Food and Clothing Center Inc is a registered charity in United States, based in New Richmond, WI. It received its IRS tax-exemption ruling in October 1987, 39 years ago. 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 October 2023, Five Loaves Food and Clothing Center Inc reported income of $329k and spending of $297k, spending 90% of its income. Across the 5 years on record, from October 2019 to October 2023, income grew from $209k to $329k (+58%), an average of +12% a year. The sharpest change came in the year to October 2020, when income rose by 32%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Five Loaves Food and Clothing Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within WI. Charities of a similar size with the same main cause include Sharon Community Television Inc ($329k), Metropolitan Housing Development Corporation ($329k) and First Serve Miami Inc ($329k).

On its Form 990 for the period ending October 2023, revenue came from contributions and grants 79% of the total. Other salaries and wages came to $83k. At year end it held assets of $329k against liabilities of $2,746, net assets of $326k. It reported 6 employees.