Loaves & Fishes
Legal name: Loaves and Fishes Too
Nonprofit profile at a glance
- EIN
- 411421522
- IRS 990 coverage
- 2009–2024
- Official website data refreshed
- Sep 2026
- Forms available
- Form 990 2024
- Location
- Minneapolis, MN, US
- Phone
- 612-377-9810
- Rating
- 92
- Verdict
- STRONG
- Rating confidence
- Moderate
Reported finances
- Revenue
- $26,021,547
- Expenses
- $27,351,956
- Assets
- $2,605,123
- Liabilities
- $1,827,495
Source: IRS Form 990. Selected filing: tax year 2024. Amounts in USD.
Leadership & pay
14 people listed
Executive titles in this filing
- KILEY BENSON (EXECUTIVE DIRECTOR)
Highest reported compensation
- KILEY BENSON (EXECUTIVE DIRECTOR): $147,704 total reported compensation
Source: IRS Form 990. Selected filing: tax year 2024. Names and roles reflect this filing, not necessarily current officeholders.
Overview
Mission
To provide healthy meals to Minnesotans in areas where the need is greatest. Our experience with serving food-insecure Minnesotans began over 40 years ago. It all began in 1982 at Dorothy Day House in St. Paul and St. Stephen’s in Minneapolis. Today, we’ve grown into a powerful network of hope, partnering with churches, community centers, and schools to break down barriers to food access. Some of the major milestones in our organization’s history include: 2013 Expanded our mission to include a focus on nutrition. Expanded our mission to include a focus on nutrition. Launched our Food Rescue and Street Outreach Programs. 2015.
What it reported doing in 2024
Institutional: institutional revenues include fee-based services around prepared meals in an institutional setting beginning in fiscal year 2024. The organization provides prepared meals for individuals who are living in an institutional setting and in some instances, staff of the organization will also serve these meals as well. The majority of individuals served in this setting are those who would be serviced through our traditional meal programming. Services provided in this manner allow for nutritional meals to be provided to additional individuals within the communities served.
Operating model
- Revenue model
- Donor-supported. 94% of the money available for current operations came from contributions and gifts.
- Distribution model
- Grant intermediary. The nonprofit sent 85% of its reported program spending out as grants.
- Includes noncash contributions: Reported contributions include donated property or goods.
The verdict
STRONG - A large share of available resources goes toward mission work and the filed numbers largely add up. Expenses are high relative to revenue and total assets are small relative to annual expenses; liquid coverage is unknown.
Rating breakdown
- Financial Efficiency: 96
- Transparency & Controls: 93
- Accountability: 100
- Sustainability: 21
- Growth: 100
Detailed rating inputs
Financial Efficiency
- Mission deployment rate: 100%; rating input score 100
- Program expense ratio: 95.3%; rating input score 95
- Fundraising efficiency: $56.76 raised per $1 spent on fundraising; rating input score 78; 78th percentile among comparable filings
Transparency & Controls
- Consistency checks: 100%; rating input score 100; 62nd percentile among comparable filings
- Pay-setting controls: Limited
- Foreign activity oversight: Limited
- Grant itemization coverage: 100%; rating input score 100; 72nd percentile among comparable filings
- Major donor itemization: Limited
- Related-party transparency: Limited
Accountability
- Independent voting board: 100%; rating input score 100; 66th percentile among comparable filings
- Governance controls: 8 of 8 controls in place; rating input score 100
- Conflict-of-interest policy: Pass
- Whistleblower policy: Pass
- Document-retention policy: Pass
- CEO compensation review process: Pass
- Other executive compensation review process: NotApplicable
- Form 990 shared with the board: Pass
- Board meeting minutes documented: Pass
- Audit committee oversight: Pass
- Independent financial-statement audit: Pass
Sustainability
- Operating margin: -5.1%; rating input score 16; 16th percentile among comparable filings
- Total-asset coverage ratio: 0.1; rating input score 2; 2nd percentile among comparable filings
- Liabilities to assets ratio: 0.7; rating input score 17; 17th percentile among comparable filings
- Officer compensation ratio: 0.5%; rating input score 89; 89th percentile among comparable filings
Growth
- Program expense growth: 23.2% per year; rating input score 100; 92nd percentile among comparable filings
- Revenue growth: 19.6% per year; rating input score 100; 92nd percentile among comparable filings
- Asset growth: 10.4% per year; rating input score 100; 66th percentile among comparable filings
Details
- What they do: 2 programs and campaigns described on the official site
- Where the money goes: 100% of revenue deployed · 95.3% of spending went to programs
- Governance: 11 of 11 board members independent · 8 of 8 filing controls reported
- Programs: 2 filed program accomplishments · $26.1M in reported program spending
- Leadership: top reported pay $148K · 14 people listed
- Consistency: 38 of 38 current checks pass
- Schedules: 6 filed schedules · includes grants
- Filing history: 16 filing years from 2009 to 2024
- Contacts: How to reach this organization
- Money network: 1 filed money-flow record
- Related organizations: Filed and resolved organization relationships.
- Grant readiness: Federal tax and exclusion status, award history, and grant-maker relationships.
- People: Everyone the filings name, and which of them the filings identify by more than a name.
Key Signals
Signals prioritize questions for review. They are not findings of misconduct.
- High — Sustainability: Operating margin scored 16/100.
- High — Sustainability: Total-asset coverage ratio scored 2/100.
- High — Sustainability: Liabilities to assets ratio scored 17/100.