Project Bread - the Walk for Hunger Inc

Analysis

Project Bread - the Walk for Hunger Inc is a registered charity in United States, based in East Boston, MA. It received its IRS tax-exemption ruling in February 1987, 39 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Project Bread - the Walk for Hunger Inc reported income of $18.3m and spending of $17.9m, spending 98% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $6.2m to $18.3m (+196%), an average of +31% a year. The sharpest change came in the year to September 2020, when income rose by 87%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Bread - the Walk for Hunger Inc sits at the 97th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MA. Charities of a similar size with the same main cause include Emory Valley Center Inc ($18.3m), Marc Lustgarten Pancreatic Cancer Foundation ($18.3m) and Doctors of the World-Usa Inc ($18.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $989k (5.5% of expenses). Other salaries and wages came to $5.0m. At year end it held assets of $13.6m against liabilities of $2.9m, net assets of $10.7m. It reported 90 employees.