Loaves And Fishes Food Pantry
Loaves And Fishes Food Pantry maintains strong financial health with growing assets and no reported officer compensation.
EIN: 10538609 · Ellsworth, ME · NTEE: K31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $673K |
| Total Expenses | $500K |
| Program Spending | 90% |
| Net Assets | $1.3M |
| Transparency Score | 95/100 |
Is Loaves And Fishes Food Pantry Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Loaves And Fishes Food Pantry directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Loaves And Fishes Food Pantry
Loaves And Fishes Food Pantry (EIN: 10538609) is a nonprofit organization based in Ellsworth, ME, classified under NTEE code K31. The organization reported total revenue of $673K and total assets of $1.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loaves And Fishes Food Pantry's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loaves And Fishes Food Pantry is a small nonprofit that has been operating for 26 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $603K |
| Total Expenses | $500K |
| Surplus / Deficit | +$103K |
| Total Assets | $1.3M |
| Net Assets | $1.3M |
| Operating Margin | 17.1% |
| Months of Reserves | 32.2 months |
Financial Health Grade: A
In 2023, Loaves And Fishes Food Pantry reported a surplus of $103K with revenue exceeding expenses, holds 32.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Loaves And Fishes Food Pantry's revenue has grown at a compound annual growth rate (CAGR) of 19.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -40.7% | +68.3% | +8.3% |
| 2022 | +297.0% | +86.0% | +7.2% |
| 2021 | -12.8% | +66.8% | +127.3% |
| 2020 | +249.2% | -6.0% | +66.7% |
| 2019 | -10.6% | +33.9% | -5.5% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2000 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Loaves And Fishes Food Pantry with a Mission Score of 95 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Loaves And Fishes Food Pantry allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $103K, with revenue exceeding expenses.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's leadership is entirely volunteer-based, which is highly commendable for a nonprofit of this size.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Loaves And Fishes Food Pantry:
- Consistent zero liabilities across most filings, indicating strong financial management.
- Significant asset growth from $260,772 in 2014 to $1,340,843 in 2023.
- No reported officer compensation, demonstrating volunteer-driven leadership and efficient use of funds.
- Expenses consistently well below revenue in most years, contributing to financial stability.
- Strong program focus, with a high percentage of spending directed towards mission-related activities.
Frequently Asked Questions about Loaves And Fishes Food Pantry
Is Loaves And Fishes Food Pantry a legitimate charity?
Loaves And Fishes Food Pantry (EIN: 10538609) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $673K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Loaves And Fishes Food Pantry spend its money?
Loaves And Fishes Food Pantry directs 90% of its spending to programs and services. Fundraising costs 3%. This exceeds the 65% industry benchmark.
Are donations to Loaves And Fishes Food Pantry tax-deductible?
Loaves And Fishes Food Pantry is registered as a tax-exempt nonprofit (EIN: 10538609). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Loaves And Fishes Food Pantry's spending goes to programs?
Loaves And Fishes Food Pantry directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Loaves And Fishes Food Pantry compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Loaves And Fishes Food Pantry is above average for NTEE category K31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Loaves And Fishes Food Pantry located?
Loaves And Fishes Food Pantry is headquartered in Ellsworth, Maine and files with the IRS under EIN 10538609. It is classified under NTEE code K31.
How many years of IRS 990 filings does Loaves And Fishes Food Pantry have?
Loaves And Fishes Food Pantry has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $673K in total revenue.
Is Loaves And Fishes Food Pantry a good charity?
Based on the available IRS 990 data, Loaves And Fishes Food Pantry appears to be a very good charity. They demonstrate strong financial health, efficient spending with no reported officer compensation, and a clear focus on their mission as evidenced by their low liabilities and growing assets.
How has the organization's financial position changed over time?
Loaves And Fishes Food Pantry has experienced substantial financial growth. Their assets have increased from $260,772 in 2014 to $1,340,843 in 2023, and they consistently maintain zero liabilities, indicating a very stable financial position.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all 13 filings, suggesting that its leadership operates on a volunteer basis, which is a highly efficient and transparent practice.
Filing History
IRS 990 filing history for Loaves And Fishes Food Pantry showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Loaves And Fishes Food Pantry's revenue has grown by 729%, moving from $73K to $603K. Total assets increased by 431.5% over the same period, from $252K to $1.3M. Total functional expenses rose by 584.9%, from $73K to $500K. In its most recent filing year (2023), Loaves And Fishes Food Pantry reported a surplus of $103K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $603K | $500K | $1.3M | $0 | — | — |
| 2022 | $1.0M | $297K | $1.2M | $0 | — | View 990 |
| 2021 | $256K | $160K | $1.2M | $550K | — | View 990 |
| 2020 | $294K | $96K | $508K | $0 | — | View 990 |
| 2019 | $84K | $102K | $305K | $0 | — | View 990 |
| 2018 | $94K | $76K | $322K | $0 | — | View 990 |
| 2017 | $90K | $84K | $304K | $0 | — | View 990 |
| 2016 | $96K | $70K | $299K | $0 | — | View 990 |
| 2015 | $92K | $80K | $273K | $209 | — | View 990 |
| 2014 | $105K | $68K | $261K | $0 | — | View 990 |
| 2013 | $51K | $65K | $224K | $0 | — | View 990 |
| 2012 | $63K | $78K | $238K | $0 | — | View 990 |
| 2011 | $73K | $73K | $252K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $603K, expenses of $500K, and assets of $1.3M (revenue -40.7% year-over-year).
- 2022: Revenue of $1.0M, expenses of $297K, and assets of $1.2M (revenue +297.0% year-over-year).
- 2021: Revenue of $256K, expenses of $160K, and assets of $1.2M (revenue -12.8% year-over-year).
- 2020: Revenue of $294K, expenses of $96K, and assets of $508K (revenue +249.2% year-over-year).
- 2019: Revenue of $84K, expenses of $102K, and assets of $305K (revenue -10.6% year-over-year).
- 2018: Revenue of $94K, expenses of $76K, and assets of $322K (revenue +5.0% year-over-year).
- 2017: Revenue of $90K, expenses of $84K, and assets of $304K (revenue -6.1% year-over-year).
- 2016: Revenue of $96K, expenses of $70K, and assets of $299K (revenue +4.3% year-over-year).
- 2015: Revenue of $92K, expenses of $80K, and assets of $273K (revenue -12.3% year-over-year).
- 2014: Revenue of $105K, expenses of $68K, and assets of $261K (revenue +104.1% year-over-year).
- 2013: Revenue of $51K, expenses of $65K, and assets of $224K (revenue -18.5% year-over-year).
- 2012: Revenue of $63K, expenses of $78K, and assets of $238K (revenue -13.6% year-over-year).
- 2011: Revenue of $73K, expenses of $73K, and assets of $252K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loaves And Fishes Food Pantry:
Data Sources and Methodology
This transparency report for Loaves And Fishes Food Pantry is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.