Loaves and Fishes Soup Kitchen Inc

Analysis

Loaves and Fishes Soup Kitchen Inc is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in September 1985, 41 years ago. 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 September 2021, Loaves and Fishes Soup Kitchen Inc reported income of $1.1m and spending of $1.1m, spending 100% of its income. Across the 3 years on record, from September 2019 to September 2021, income fell from $1.1m to $1.1m (-0.3%), an average of -0.1% a year. The sharpest change came in the year to September 2020, when income rose by 41%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Loaves and Fishes Soup Kitchen Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 82nd percentile within FL. Charities of a similar size with the same main cause include Council on the Arts & Humanities for Staten Island ($1.1m), Affordable Housing Solutions for Florida Inc ($1.1m) and Columbus Community Clinical Oncology Program ($1.1m).

On its Form 990 for the period ending September 2021, revenue came from contributions and grants 92% and program service revenue 6.6% of the total. Other salaries and wages came to $369k. At year end it held assets of $2.1m against liabilities of $7,573, net assets of $2.1m. It reported 30 employees.