Loaves & Fishes

Analysis

Loaves & Fishes is a registered charity in United States, based in Idaho Springs, CO. It received its IRS tax-exemption ruling in October 2001, 25 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 & Fishes reported income of $176k and spending of $226k, spending 129% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $223k to $176k (-21%), an average of -7.6% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Loaves & Fishes sits at the 45th percentile: it is larger than about 45% of them. Against every charity in United States with reported income it ranks in the 51st percentile, and in the 47th percentile within CO. Charities of a similar size with the same main cause include Colorado Juvenile Defender Center ($176k), New Hope for Families ($176k) and Honoring Americas Warriors Inc ($176k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Other salaries and wages came to $41k. At year end it held assets of $461k against liabilities of $247k, net assets of $214k. It reported 2 employees.