Loaves & Fishes Food Pantry Inc
Loaves & Fishes Food Pantry consistently grows assets with zero reported officer compensation.
EIN: 10726924 · Ayer, MA · NTEE: P60 · Updated: 2026-03-27
| Metric | Value |
|---|---|
| Total Revenue | $2.3M |
| Total Expenses | $2.4M |
| Program Spending | 90% |
| CEO/Top Officer Pay | $2 |
| Net Assets | $4.4M |
| Transparency Score | 95/100 |
Is Loaves & Fishes Food Pantry Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Loaves & Fishes Food Pantry Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Loaves & Fishes Food Pantry Inc
Loaves & Fishes Food Pantry Inc (EIN: 10726924) is a nonprofit organization based in Ayer, MA, classified under NTEE code P60. The organization reported total revenue of $2.3M and total assets of $4.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loaves & Fishes Food Pantry Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loaves & Fishes Food Pantry Inc is a mid-size nonprofit that has been operating for 24 years, with 13 years of IRS 990 filings on record (2012–2024). Revenue has grown at a compound annual rate of 6.0%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.4M |
| Total Expenses | $2.4M |
| Surplus / Deficit | +$5K |
| Total Assets | $4.4M |
| Total Liabilities | $21K |
| Net Assets | $4.4M |
| Operating Margin | 0.2% |
| Debt-to-Asset Ratio | 0.5% |
| Months of Reserves | 22.1 months |
Financial Health Grade: A
In 2024, Loaves & Fishes Food Pantry Inc reported a surplus of $5K with revenue exceeding expenses, holds 22.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.5% (very low leverage).
Financial Trends
Over 13 years of filings (2012–2024), Loaves & Fishes Food Pantry Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +20.6% | +28.0% | +5.7% |
| 2023 | +7.3% | +20.4% | +7.5% |
| 2022 | -17.4% | -1.3% | -3.7% |
| 2021 | +27.7% | +9.9% | +27.2% |
| 2020 | -14.5% | -22.0% | +14.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2002 |
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 & Fishes Food Pantry Inc 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 & Fishes Food Pantry Inc 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 (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $5K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filing periods, indicating that the organization's leadership is either entirely volunteer-based or compensated through non-officer roles, which is highly commendable for an organization with revenues exceeding $2 million annually.
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 & Fishes Food Pantry Inc:
- Consistent asset growth, from $2.4M in 2015 to $4.4M in 2024.
- Zero reported officer compensation across all 13 filing periods.
- Low liabilities relative to assets (e.g., $21,097 liabilities vs. $4,446,608 assets in 2024).
- Revenues consistently exceed expenses in most periods, indicating financial sustainability.
- Excellent transparency with 13 consistent IRS 990 filings.
Frequently Asked Questions about Loaves & Fishes Food Pantry Inc
Is Loaves & Fishes Food Pantry Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Loaves & Fishes Food Pantry Inc (EIN: 10726924) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Loaves & Fishes Food Pantry Inc spend its money?
Loaves & Fishes Food Pantry Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Loaves & Fishes Food Pantry Inc tax-deductible?
Loaves & Fishes Food Pantry Inc is registered as a tax-exempt nonprofit (EIN: 10726924). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Loaves & Fishes Food Pantry Inc CEO make?
Loaves & Fishes Food Pantry Inc's highest-compensated officer earns $2 annually. The organization reported $2.3M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Loaves & Fishes Food Pantry Inc's spending goes to programs?
Loaves & Fishes Food Pantry Inc directs 90% to programs, 3% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Loaves & Fishes Food Pantry Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Loaves & Fishes Food Pantry Inc is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Loaves & Fishes Food Pantry Inc located?
Loaves & Fishes Food Pantry Inc is headquartered in Ayer, Massachusetts and files with the IRS under EIN 10726924. It is classified under NTEE code P60.
How many years of IRS 990 filings does Loaves & Fishes Food Pantry Inc have?
Loaves & Fishes Food Pantry Inc 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 $2.3M in total revenue.
Is Loaves & Fishes Food Pantry Inc a good charity?
Based on the provided financial data, Loaves & Fishes Food Pantry Inc appears to be a very good charity. It consistently manages its finances well, grows its assets, and reports zero officer compensation, suggesting a strong commitment to its mission.
How has the organization's financial stability changed over time?
The organization has shown consistent financial stability and growth. Assets have nearly doubled from $2,447,369 in 2015 to $4,446,608 in 2024, and revenues have generally outpaced expenses, indicating healthy financial management.
What is the organization's approach to executive compensation?
Loaves & Fishes Food Pantry Inc reports 0% officer compensation across all 13 filings, indicating a highly cost-efficient approach to leadership and a strong dedication to directing funds towards its programs.
Filing History
IRS 990 filing history for Loaves & Fishes Food Pantry Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2024), Loaves & Fishes Food Pantry Inc's revenue has grown by 101.3%, moving from $1.2M to $2.4M. Total assets increased by 87.9% over the same period, from $2.4M to $4.4M. Total functional expenses rose by 105.6%, from $1.2M to $2.4M. In its most recent filing year (2024), Loaves & Fishes Food Pantry Inc reported a surplus of $5K, with revenue exceeding expenses. The organization holds $21K in liabilities against $4.4M in assets (debt-to-asset ratio: 0.5%), resulting in net assets of $4.4M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $2.4M | $2.4M | $4.4M | $21K | — | View 990 |
| 2023 | $2.0M | $1.9M | $4.2M | $32K | — | View 990 |
| 2022 | $1.9M | $1.6M | $3.9M | $24K | — | View 990 |
| 2021 | $2.3M | $1.6M | $4.1M | $26K | — | View 990 |
| 2020 | $1.8M | $1.4M | $3.2M | $75K | — | View 990 |
| 2019 | $2.1M | $1.9M | $2.8M | $22K | — | View 990 |
| 2018 | $1.7M | $1.7M | $2.6M | $26K | — | View 990 |
| 2017 | $1.6M | $1.5M | $2.6M | $27K | — | View 990 |
| 2016 | $1.4M | $1.5M | $2.4M | $27K | — | View 990 |
| 2015 | $1.4M | $1.4M | $2.4M | $26K | — | View 990 |
| 2014 | $1.3M | $1.4M | $2.5M | $22K | — | View 990 |
| 2013 | $1.2M | $1.2M | $2.4M | $18K | — | View 990 |
| 2012 | $1.2M | $1.2M | $2.4M | $21K | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $2.4M, expenses of $2.4M, and assets of $4.4M (revenue +20.6% year-over-year).
- 2023: Revenue of $2.0M, expenses of $1.9M, and assets of $4.2M (revenue +7.3% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.6M, and assets of $3.9M (revenue -17.4% year-over-year).
- 2021: Revenue of $2.3M, expenses of $1.6M, and assets of $4.1M (revenue +27.7% year-over-year).
- 2020: Revenue of $1.8M, expenses of $1.4M, and assets of $3.2M (revenue -14.5% year-over-year).
- 2019: Revenue of $2.1M, expenses of $1.9M, and assets of $2.8M (revenue +22.4% year-over-year).
- 2018: Revenue of $1.7M, expenses of $1.7M, and assets of $2.6M (revenue +3.8% year-over-year).
- 2017: Revenue of $1.6M, expenses of $1.5M, and assets of $2.6M (revenue +13.3% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.5M, and assets of $2.4M (revenue -0.2% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $2.4M (revenue +8.5% year-over-year).
- 2014: Revenue of $1.3M, expenses of $1.4M, and assets of $2.5M (revenue +9.1% year-over-year).
- 2013: Revenue of $1.2M, expenses of $1.2M, and assets of $2.4M (revenue +1.4% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.2M, and assets of $2.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loaves & Fishes Food Pantry Inc:
Data Sources and Methodology
This transparency report for Loaves & Fishes Food Pantry Inc 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.