Loaves & Fishes Food Pantry Inc

Analysis

Loaves & Fishes Food Pantry Inc is a registered charity in United States, based in Charlottesvle, VA. It received its IRS tax-exemption ruling in June 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 & Fishes Food Pantry Inc reported income of $5.3m and spending of $4.9m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $5.3m (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 93%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves & Fishes Food Pantry Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within VA. Charities of a similar size with the same main cause include A Kids Place of Tampa Bay ($5.3m), Community Place of Greater Rochester Inc ($5.3m) and Rockland County YMCA ($5.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $98k (2.0% of expenses). Other salaries and wages came to $300k. At year end it held assets of $4.6m against liabilities of $26k, net assets of $4.5m. It reported 19 employees.