5 Loaves and 2 Fish Inc

Analysis

5 Loaves and 2 Fish Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in April 2020, 6 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 and 2 Fish Inc reported income of $65k and spending of $59k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $90k to $65k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 5 Loaves and 2 Fish Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 26th percentile within LA. Charities of a similar size with the same main cause include Centro Socialmonsenhor Julio a Martins Foundation ($65k), Smiling Seniors ($65k) and M Baker Foundation ($65k).

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 $75k against liabilities of $7,005, net assets of $68k.