Loaves & Fishes

Analysis

Loaves & Fishes is a registered charity in United States, based in Greenville, SC. It received its IRS tax-exemption ruling in August 1991, 35 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 reported income of $633k and spending of $612k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $463k to $633k (+37%), an average of +8.1% a year. The sharpest change came in the year to December 2020, when income rose by 40%. 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 sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within SC. Charities of a similar size with the same main cause include Haven House Inc ($633k), Warrick Wellness Pathways Inc ($633k) and Marquette Learning Center Inc ($633k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $73k (12% of expenses). Other salaries and wages came to $258k. At year end it held assets of $957k against liabilities of $0, net assets of $957k. It reported 11 employees.