Seven Loaves Services Inc

Analysis

Seven Loaves Services Inc is a registered charity in United States, based in Middleburg, VA. It received its IRS tax-exemption ruling in December 1994, 32 years ago. Its declared purposes cover human services, 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, Seven Loaves Services Inc reported income of $383k and spending of $273k, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $119k to $383k (+221%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 192%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Seven Loaves Services Inc sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within VA. Charities of a similar size with the same main cause include Horseplay Therapy Center Inc ($383k), 100 Black Men of Las Vegas Inc ($383k) and Domicilia Inc ($383k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Other salaries and wages came to $45k. At year end it held assets of $966k against liabilities of $20k, net assets of $946k. It reported 1 employees.