Our Daily Bread Inc

Analysis

Our Daily Bread Inc is a registered charity in United States, based in Spring City, TN. It received its IRS tax-exemption ruling in October 2006, 20 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Our Daily Bread Inc reported income of $92k and spending of $89k, spending 97% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $110k to $92k (-16%), an average of -8.4% a year. Over the whole period it spent 90% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Daily Bread Inc sits at the 31st percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 35th percentile, and in the 34th percentile within TN. Charities of a similar size with the same main cause include Mercy Connections ($92k), Covenant Counseling Institute Inc ($92k) and Dallas Wings Community Foundation ($92k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 5.3% and program service revenue 93% of the total. At year end it held assets of $485k against liabilities of $0, net assets of $485k.