Daily Bread Food Pantry Inc

Analysis

Daily Bread Food Pantry Inc is a registered charity in United States, based in Milford, MA. It received its IRS tax-exemption ruling in March 1993, 33 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 December 2023, Daily Bread Food Pantry Inc reported income of $91k and spending of $195k, spending 214% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $172k to $91k (-47%), an average of -19% a year. The sharpest change came in the year to December 2023, when income dropped by 35%. Over the whole period it spent 85% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Daily Bread Food Pantry Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 42nd percentile within MA. Charities of a similar size with the same main cause include Baudette Community Foundation ($91k), African Educate ($91k) and Masinyusane Inc ($91k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $504k against liabilities of $1, net assets of $504k.