Loaves and Fishes

Analysis

Loaves and Fishes is a registered charity in United States, based in Paso Robles, CA. It received its IRS tax-exemption ruling in September 1984, 42 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 December 2023, Loaves and Fishes reported income of $276k and spending of $321k, spending 116% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $313k to $276k (-12%), an average of -3.1% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 100% 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 sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 62nd percentile within CA. Charities of a similar size with the same main cause include Tustin Area Council for the Fine Arts ($276k), Society of Experimental Test Pilots Scholarship Foundation ($276k) and Brighton Beach District Management Association Inc ($276k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (20% of expenses). Other salaries and wages came to $58k. At year end it held assets of $173k against liabilities of $0, net assets of $173k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.