5loaves2fishnmi

Analysis

5loaves2fishnmi is a registered charity in United States, based in Leland, MI. It received its IRS tax-exemption ruling in June 2021, 5 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, 5loaves2fishnmi reported income of $164k and spending of $133k, spending 81% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $101k to $164k (+62%), an average of +62% a year. The sharpest change came in the year to December 2023, when income rose by 62%. Over the whole period it spent 79% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, 5loaves2fishnmi sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 49th percentile within MI. Charities of a similar size with the same main cause include Ovi Violet International ($164k), Corys Care Facility Inc ($164k) and Northern Virginia Bengali Ass ($164k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 98% of the total. At year end it held assets of $141k against liabilities of $0, net assets of $141k.