Loaves and Fishes Inc

Analysis

Loaves and Fishes Inc is a registered charity in United States, based in Biloxi, MS. It received its IRS tax-exemption ruling in April 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 December 2023, Loaves and Fishes Inc reported income of $178k and spending of $163k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $211k to $178k (-16%), an average of -4.2% a year. The sharpest change came in the year to December 2021, when income rose by 88%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves and Fishes Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 53rd percentile within MS. Charities of a similar size with the same main cause include Forensic Nursing Network Inc ($178k), Adap ($178k) and Birdsall House ($178k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $86k. At year end it held assets of $501k against liabilities of $0, net assets of $501k. It reported 5 employees.