Bread of Life Ministries of Albion

Analysis

Bread of Life Ministries of Albion is a registered charity in United States, based in Albion, MI. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bread of Life Ministries of Albion reported income of $99k and spending of $88k, spending 89% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $70k to $99k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bread of Life Ministries of Albion sits at the 43rd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 36th percentile within MI. Charities of a similar size with the same main cause include Trinity Foundation ($99k), Recovery Refuge Inc ($99k) and Tyy Beit Shemesh Inc ($99k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 55% of the total. At year end it held assets of $86k against liabilities of $0, net assets of $86k.