Loaves & Fishes Hospitality House Inc
Loaves & Fishes Hospitality House: Strong Asset Growth, Low Revenue
EIN: 222544673 · New Milford, CT · NTEE: P20 · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $117K |
| Total Expenses | $72K |
| Program Spending | 70% |
| Net Assets | $1.7M |
| Transparency Score | 75/100 |
Is Loaves & Fishes Hospitality House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Loaves & Fishes Hospitality House Inc directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Loaves & Fishes Hospitality House Inc
Loaves & Fishes Hospitality House Inc (EIN: 222544673) is a nonprofit organization based in New Milford, CT, classified under NTEE code P20. The organization reported total revenue of $117K and total assets of $2.5M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Loaves & Fishes Hospitality House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Loaves & Fishes Hospitality House Inc is a small nonprofit that has been operating for 39 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $105K |
| Total Expenses | $72K |
| Surplus / Deficit | +$32K |
| Total Assets | $2.6M |
| Total Liabilities | $903K |
| Net Assets | $1.7M |
| Operating Margin | 30.9% |
| Debt-to-Asset Ratio | 34.7% |
| Months of Reserves | 430.6 months |
Financial Health Grade: A
In 2023, Loaves & Fishes Hospitality House Inc reported a surplus of $32K with revenue exceeding expenses, holds 430.6 months of operating reserves (strong position), has a debt-to-asset ratio of 34.7% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Loaves & Fishes Hospitality House Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +21.0% | +43.7% | +25.4% |
| 2022 | -86.4% | +40.8% | +13.0% |
| 2021 | +458.9% | -27.5% | +49.3% |
| 2020 | -1.7% | +15.8% | +4.0% |
| 2019 | -32.3% | -13.6% | +6.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 1987 |
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 Hospitality House Inc with a Mission Score of 75 out of 100 (Good). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 70%
- fundraising: 15%
According to IRS 990 filings, Loaves & Fishes Hospitality House Inc allocates its expenses as follows: admin: 15%, programs: 70%, fundraising: 15%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $32K, with revenue exceeding expenses.
- Debt-to-asset ratio: 34.7%.
Executive Compensation Analysis
The organization consistently reports 0% compensation, suggesting an all-volunteer model with no paid executive compensation.
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.
Red Flags
The following concerns were identified during AI analysis of Loaves & Fishes Hospitality House Inc's IRS 990 filings:
- Significant volatility and recent decline in revenue, from $638,994 in 2021 to $104,886 in 2023, raises questions about funding stability.
- Despite substantial asset growth, the low and fluctuating revenue could impact long-term program sustainability.
Strengths
The following positive indicators were identified for Loaves & Fishes Hospitality House Inc:
- Consistent and substantial growth in assets, from $824,865 in 2016 to $2,601,186 in 2023, indicates strong financial management and accumulation of resources.
- The 0% compensation reported across all years suggests an efficient, volunteer-driven model, maximizing funds for direct services.
- Low liabilities relative to assets, with liabilities of $902,920 against assets of $2,601,186 in 2023, indicates a healthy financial position.
Frequently Asked Questions about Loaves & Fishes Hospitality House Inc
Is Loaves & Fishes Hospitality House Inc a legitimate charity?
Loaves & Fishes Hospitality House Inc (EIN: 222544673) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 75/100. It has 13 years of IRS 990 filings on record. Total revenue: $117K. 2 red flags identified. 3 strengths noted. Financial health grade: A.
How does Loaves & Fishes Hospitality House Inc spend its money?
Loaves & Fishes Hospitality House Inc directs 70% of its spending to programs and services. Fundraising costs 15%. This meets the 65% industry benchmark.
Are donations to Loaves & Fishes Hospitality House Inc tax-deductible?
Loaves & Fishes Hospitality House Inc is registered as a tax-exempt nonprofit (EIN: 222544673). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Loaves & Fishes Hospitality House Inc's spending goes to programs?
Loaves & Fishes Hospitality House Inc directs 70% to programs, 15% to fundraising. This meets the 65% industry benchmark for efficient nonprofits.
How does Loaves & Fishes Hospitality House Inc compare to similar nonprofits?
With a transparency score of 75/100 (Good), Loaves & Fishes Hospitality House Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Loaves & Fishes Hospitality House Inc located?
Loaves & Fishes Hospitality House Inc is headquartered in New Milford, Connecticut and files with the IRS under EIN 222544673. It is classified under NTEE code P20.
How many years of IRS 990 filings does Loaves & Fishes Hospitality House Inc have?
Loaves & Fishes Hospitality House 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 $117K in total revenue.
What does Loaves & Fishes Hospitality House Inc do?
Loaves & Fishes Hospitality House Inc is a nonprofit organization in the Human Services sector, located in New Milford, Connecticut. It is classified under NTEE code P20.
How much revenue does Loaves & Fishes Hospitality House Inc have?
Loaves & Fishes Hospitality House Inc reported total revenue of $117,300. Based on 13 IRS 990 filings on record.
What are Loaves & Fishes Hospitality House Inc's total assets?
Loaves & Fishes Hospitality House Inc holds total assets of $2,531,065 as reported in IRS 990 filings.
Where is Loaves & Fishes Hospitality House Inc located?
Loaves & Fishes Hospitality House Inc is based in New Milford, Connecticut.
What is Loaves & Fishes Hospitality House Inc's EIN?
Loaves & Fishes Hospitality House Inc's Employer Identification Number (EIN) is 222544673. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Loaves & Fishes Hospitality House Inc?
Loaves & Fishes Hospitality House Inc is classified under NTEE code P20 (Human Services).
Is Loaves & Fishes Hospitality House Inc a registered 501(c)(3)?
Yes, Loaves & Fishes Hospitality House Inc is recognized as a tax-exempt organization by the IRS. EIN: 222544673.
Does Loaves & Fishes Hospitality House Inc file IRS Form 990?
Yes, Loaves & Fishes Hospitality House Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202312.
What was Loaves & Fishes Hospitality House Inc's revenue in 2023?
In the 202312 filing period, Loaves & Fishes Hospitality House Inc reported total revenue of $104,886, total expenses of $72,498, and net assets of $2,601,186.
Is Loaves & Fishes Hospitality House Inc's revenue growing or declining?
Loaves & Fishes Hospitality House Inc's revenue is growing. Revenue went from $86,693 (202212) to $104,886 (202312), a +21.0% change. Based on 13 filings on record.
What is Loaves & Fishes Hospitality House Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Loaves & Fishes Hospitality House Inc covers tax period 202312. It shows revenue of $104,886, expenses of $72,498, total assets of $2,601,186, and liabilities of $902,920.
How much does Loaves & Fishes Hospitality House Inc spend on programs vs administration?
Based on IRS 990 analysis, Loaves & Fishes Hospitality House Inc allocates approximately 70% of expenses to program services, 15% to administrative costs, and 15% to fundraising. Program spending is moderate relative to overhead.
Is Loaves & Fishes Hospitality House Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Loaves & Fishes Hospitality House Inc appears trustworthy. Mission Score: 75/100 (Good). 2 red flags identified. 3 strengths noted.
What are the red flags for Loaves & Fishes Hospitality House Inc?
The following concerns were identified: Significant volatility and recent decline in revenue, from $638,994 in 2021 to $104,886 in 2023, raises questions about funding stability.. Despite substantial asset growth, the low and fluctuating revenue could impact long-term program sustainability.. These flags are based on automated analysis of IRS 990 public filings and should be verified independently.
What are Loaves & Fishes Hospitality House Inc's strengths?
Positive indicators for Loaves & Fishes Hospitality House Inc include: Consistent and substantial growth in assets, from $824,865 in 2016 to $2,601,186 in 2023, indicates strong financial management and accumulation of resources.. The 0% compensation reported across all years suggests an efficient, volunteer-driven model, maximizing funds for direct services.. Low liabilities relative to assets, with liabilities of $902,920 against assets of $2,601,186 in 2023, indicates a healthy financial position.. These findings are derived from AI analysis of the organization's financial filings.
How does Loaves & Fishes Hospitality House Inc compensate executives?
The organization consistently reports 0% compensation, suggesting an all-volunteer model with no paid executive compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the significant asset growth and 0% compensation, how does Loaves & Fishes Hospitality House Inc. manage its operational expenses and program delivery without paid staff?
The consistent 0% compensation suggests a highly effective volunteer network and potentially significant in-kind donations or grants that cover operational costs without requiring paid personnel. The accumulated assets may also generate investment income to support operations.
What factors contributed to the dramatic revenue spike in 2021 ($638,994) and its subsequent decline to $104,886 in 2023?
The 2021 revenue spike could be attributed to a large one-time grant, a major fundraising campaign, or a significant bequest. The subsequent decline suggests these were not recurring revenue streams, highlighting a reliance on episodic funding rather than consistent annual support.
Filing History
IRS 990 filing history for Loaves & Fishes Hospitality House Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Loaves & Fishes Hospitality House Inc's revenue has grown by 23.4%, moving from $85K to $105K. Total assets increased by 1006.5% over the same period, from $235K to $2.6M. Total functional expenses rose by 197.8%, from $24K to $72K. In its most recent filing year (2023), Loaves & Fishes Hospitality House Inc reported a surplus of $32K, with revenue exceeding expenses. The organization holds $903K in liabilities against $2.6M in assets (debt-to-asset ratio: 34.7%), resulting in net assets of $1.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $105K | $72K | $2.6M | $903K | — | View 990 |
| 2022 | $87K | $50K | $2.1M | $408K | — | View 990 |
| 2021 | $639K | $36K | $1.8M | $205K | — | View 990 |
| 2020 | $114K | $49K | $1.2M | $202K | — | — |
| 2019 | $116K | $43K | $1.2M | $220K | — | View 990 |
| 2018 | $172K | $49K | $1.1M | $227K | — | View 990 |
| 2017 | $233K | $47K | $1.0M | $238K | — | — |
| 2016 | $288K | $100K | $825K | $246K | — | View 990 |
| 2015 | $103K | $62K | $645K | $255K | — | View 990 |
| 2014 | $115K | $75K | $349K | $1 | — | View 990 |
| 2013 | $82K | $39K | $309K | $1 | — | View 990 |
| 2012 | $63K | $32K | $266K | $0 | — | View 990 |
| 2011 | $85K | $24K | $235K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $105K, expenses of $72K, and assets of $2.6M (revenue +21.0% year-over-year).
- 2022: Revenue of $87K, expenses of $50K, and assets of $2.1M (revenue -86.4% year-over-year).
- 2021: Revenue of $639K, expenses of $36K, and assets of $1.8M (revenue +458.9% year-over-year).
- 2020: Revenue of $114K, expenses of $49K, and assets of $1.2M (revenue -1.7% year-over-year).
- 2019: Revenue of $116K, expenses of $43K, and assets of $1.2M (revenue -32.3% year-over-year).
- 2018: Revenue of $172K, expenses of $49K, and assets of $1.1M (revenue -26.3% year-over-year).
- 2017: Revenue of $233K, expenses of $47K, and assets of $1.0M (revenue -18.9% year-over-year).
- 2016: Revenue of $288K, expenses of $100K, and assets of $825K (revenue +179.2% year-over-year).
- 2015: Revenue of $103K, expenses of $62K, and assets of $645K (revenue -10.3% year-over-year).
- 2014: Revenue of $115K, expenses of $75K, and assets of $349K (revenue +39.3% year-over-year).
- 2013: Revenue of $82K, expenses of $39K, and assets of $309K (revenue +31.5% year-over-year).
- 2012: Revenue of $63K, expenses of $32K, and assets of $266K (revenue -26.2% year-over-year).
- 2011: Revenue of $85K, expenses of $24K, and assets of $235K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Loaves & Fishes Hospitality House Inc:
Data Sources and Methodology
This transparency report for Loaves & Fishes Hospitality House 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.