Loaves & Fishes of the Rio Grande Valley Inc

Analysis

Loaves & Fishes of the Rio Grande Valley Inc is a registered charity in United States, based in Harlingen, TX. It received its IRS tax-exemption ruling in March 1991, 35 years ago. Its declared purposes cover human services, 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 2022, Loaves & Fishes of the Rio Grande Valley Inc reported income of $1.8m and spending of $1.7m, spending 96% of its income. Across the 4 years on record, from December 2019 to December 2022, income grew from $1.4m to $1.8m (+26%), an average of +8.0% a year. The sharpest change came in the year to December 2020, when income rose by 53%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves & Fishes of the Rio Grande Valley Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within TX. Charities of a similar size with the same main cause include Young Womens Christian Association of Malden ($1.8m), My Own Life Foundation ($1.8m) and Madison Adoption Associates Ltd ($1.8m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 93% of the total. Other salaries and wages came to $709k. At year end it held assets of $2.0m against liabilities of $73k, net assets of $1.9m. It reported 30 employees.