Bread of Life Development Ministries Inc

Analysis

Bread of Life Development Ministries Inc is a registered charity in United States, based in Conyers, GA. It received its IRS tax-exemption ruling in February 2011, 15 years ago. Its declared purposes cover human services, 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 of Life Development Ministries Inc reported income of $3.5m and spending of $3.5m, spending 103% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $833k to $3.5m (+315%), an average of +43% a year. The sharpest change came in the year to December 2020, when income rose by 199%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread of Life Development Ministries Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Sacramento District Council St Vincent de Paul Society ($3.5m), Child Care Network Washtenaw Regional 4c ($3.5m) and The Arc Baton Rouge ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $141k (4.0% of expenses). Other salaries and wages came to $782k. At year end it held assets of $1.6m against liabilities of $1.5m, net assets of $98k. It reported 60 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.