Loaves and Fishes Housing Inc

Analysis

Loaves and Fishes Housing Inc is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 Housing Inc reported income of $100k and spending of $87k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $38k to $100k (+162%), an average of +27% a year. The sharpest change came in the year to December 2022, when income rose by 151%. Over the whole period it spent 41% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Loaves and Fishes Housing Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 34th percentile within MN. Charities of a similar size with the same main cause include Newhouse Inc ($100k), King Hill Apartments Inc ($100k) and River City Housing Connections ($100k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $791k against liabilities of $0, net assets of $791k.