Loaves and Fishes Ministries of Fremont County

Analysis

Loaves and Fishes Ministries of Fremont County is a registered charity in United States, based in Canon City, CO. It received its IRS tax-exemption ruling in April 1988, 38 years ago. Its declared purposes cover human services, 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 Ministries of Fremont County reported income of $2.2m and spending of $2.3m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.2m (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 27%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves and Fishes Ministries of Fremont County sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within CO. Charities of a similar size with the same main cause include Illinois Valley YMCA ($2.2m), Tkmomentum Inc ($2.2m) and Good Grocer ($2.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 4.2% of the total. Compensation of current officers, directors and key employees was $58k (2.6% of expenses). Other salaries and wages came to $575k. At year end it held assets of $2.7m against liabilities of $253k, net assets of $2.4m. It reported 29 employees.