Loaves and Fishes Ministry Inc

Analysis

Loaves and Fishes Ministry Inc is a registered charity in United States, based in Raleigh, NC. It received its IRS tax-exemption ruling in March 1985, 41 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Loaves and Fishes Ministry Inc reported income of $242k and spending of $226k, spending 93% of its income. Across the 3 years on record, from May 2021 to May 2023, income grew from $218k to $242k (+11%), an average of +5.5% a year. The sharpest change came in the year to May 2023, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Loaves and Fishes Ministry Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 56th percentile within NC. Charities of a similar size with the same main cause include Solid Rock Youth Ministries Inc ($242k), North Georgia Soccer Academy Inc ($242k) and Reb Sports Academy ($242k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $43k (19% of expenses). Other salaries and wages came to $88k. At year end it held assets of $138k against liabilities of $13k, net assets of $125k. It reported 3 employees.