Mobile Loaves & Fishes Support Corporation

Analysis

Mobile Loaves & Fishes Support Corporation is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in March 2021, 5 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Mobile Loaves & Fishes Support Corporation reported income of $3.6m and spending of $1.1m, leaving 71% of income unspent that year. Across the 4 years on record, from December 2020 to December 2023, income grew from $2.9m to $3.6m (+26%), an average of +7.9% a year. The sharpest change came in the year to December 2023, when income rose by 330%. Over the whole period it spent 24% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Mobile Loaves & Fishes Support Corporation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 93rd percentile within TX. Charities of a similar size with the same main cause include Senior Citizens Village ($3.6m), Esperanza Charities Inc ($3.6m) and Habitat for Humanity of Catawba Valley Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 4.1% of the total. At year end it held assets of $22.6m against liabilities of $16.4m, net assets of $6.1m.