Mobile Loaves & Fishes Inc

Analysis

Mobile Loaves & Fishes Inc is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Mobile Loaves & Fishes Inc reported income of $37.6m and spending of $21.4m, leaving 43% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $13.0m to $37.6m (+188%), an average of +30% a year. The sharpest change came in the year to December 2022, when income rose by 203%. Over the whole period it spent 35% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Mobile Loaves & Fishes Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 99th percentile within TX. Charities of a similar size with the same main cause include Christus Northeast Texas and Northern Louisiana Health System C ($37.1m), World Help ($37.6m) and Radio Training Network Inc ($36.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 86% and program service revenue 6.4% of the total. Compensation of current officers, directors and key employees was $805k (3.8% of expenses). Other salaries and wages came to $5.9m. At year end it held assets of $182.8m against liabilities of $17.0m, net assets of $165.8m. It reported 136 employees.