Loaves and Fishes of Union County Inc

Analysis

Loaves and Fishes of Union County Inc is a registered charity in United States, based in Monroe, NC. It received its IRS tax-exemption ruling in September 1989, 37 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 April 2023, Loaves and Fishes of Union County Inc reported income of $68k and spending of $39k, leaving 43% of income unspent that year. Across the 2 years on record, from April 2022 to April 2023, income fell from $96k to $68k (-29%), an average of -29% a year. The sharpest change came in the year to April 2023, when income dropped by 29%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves and Fishes of Union County Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 25th percentile within NC. Charities of a similar size with the same main cause include Viva Relevante Inc ($68k), Wood County Child Protection Board Inc ($68k) and Lvpmsa Charitable Foundation ($68k).

On its Form 990-EZ for the period ending April 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $238k against liabilities of $0, net assets of $238k.