Bread for Life Inc

Analysis

Bread for Life Inc is a registered charity in United States, based in Southington, CT. It received its IRS tax-exemption ruling in March 1990, 36 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 December 2023, Bread for Life Inc reported income of $609k and spending of $531k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $470k to $609k (+30%), an average of +6.7% a year. The sharpest change came in the year to December 2020, when income rose by 47%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread for Life Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 71st percentile within CT. Charities of a similar size with the same main cause include Ft Bend County Child Advocates Endowment Inc ($609k), Cope Foundation Inc ($609k) and For the Children Food Program ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 1.4% of the total. Compensation of current officers, directors and key employees was $82k (15% of expenses). Other salaries and wages came to $144k. At year end it held assets of $2.2m against liabilities of $95k, net assets of $2.1m. It reported 12 employees.