Mobile Loaves Twin Cities

Analysis

Mobile Loaves Twin Cities is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in January 2017, 9 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, Mobile Loaves Twin Cities reported income of $153k and spending of $137k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $117k to $153k (+31%), an average of +31% a year. The sharpest change came in the year to December 2023, when income rose by 31%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Mobile Loaves Twin Cities sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 45th percentile within MN. Charities of a similar size with the same main cause include Nashville Supportive Housing Inc ($153k), Food Pantry for Woodford County ($153k) and First Fruits Ministries ($153k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $124k against liabilities of $2,183, net assets of $122k.