5 Loaves Food Pantry

Analysis

5 Loaves Food Pantry is a registered charity in United States, based in Sachse, TX. It received its IRS tax-exemption ruling in April 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, 5 Loaves Food Pantry reported income of $4.3m and spending of $4.2m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $945k to $4.3m (+356%), an average of +46% a year. The sharpest change came in the year to December 2023, when income rose by 144%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 5 Loaves Food Pantry sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include First Stop Inc ($4.3m), Support for Families of Children with Disabilities ($4.3m) and Montgomery County Agricultural Center Inc ($4.3m).

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 $91k (2.2% of expenses). Other salaries and wages came to $15k. At year end it held assets of $543k against liabilities of $1,727, net assets of $541k. It reported 3 employees.