Loaves and Fishes Too

Analysis

Loaves and Fishes Too is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 1983, 43 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 September 2023, Loaves and Fishes Too reported income of $22.7m and spending of $23.5m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.1m to $22.7m (+350%), an average of +46% a year. The sharpest change came in the year to September 2020, when income rose by 112%. Over the whole period it spent 97% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loaves and Fishes Too sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Mountain Shadows Support Group ($22.7m), Boys & Girls Clubs of Sonoma-Marin ($22.7m) and Horizon Village Inc ($22.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% and program service revenue 0.7% of the total. Compensation of current officers, directors and key employees was $247k (1.0% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $3.2m against liabilities of $943k, net assets of $2.3m. It reported 46 employees.