Loaves and Fishes Community Food Pantry Inc

Analysis

Loaves and Fishes Community Food Pantry Inc is a registered charity in United States, based in Boonton, NJ. It received its IRS tax-exemption ruling in November 2019, 7 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, Loaves and Fishes Community Food Pantry Inc reported income of $57k and spending of $67k, spending 119% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $68k to $57k (-17%), an average of -17% a year. The sharpest change came in the year to December 2023, when income dropped by 17%. Over the whole period it spent 111% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves and Fishes Community Food Pantry Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 22nd percentile, and in the 29th percentile within NJ. Charities of a similar size with the same main cause include Azulita Project Inc ($57k), Jesus Pattern Ministries ($57k) and Hickman County Cooperative Ministry Inc ($57k).

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 $50k against liabilities of $0, net assets of $50k.