Bread of Life Ministries of Minnesota

Analysis

Bread of Life Ministries of Minnesota is a registered charity in United States, based in Wayzata, MN. It received its IRS tax-exemption ruling in September 2008, 18 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 September 2023, Bread of Life Ministries of Minnesota reported income of $442k and spending of $362k, spending 82% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $434k to $442k (+1.7%), an average of +0.4% a year. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread of Life Ministries of Minnesota sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 67th percentile within MN. Charities of a similar size with the same main cause include Little Brothers Friends of the Elderly Upper Michigan Foundation ($442k), Maddies Footprints ($442k) and Homeless Angels Inc ($442k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $2,700 (0.7% of expenses). At year end it held assets of $260k against liabilities of $0, net assets of $260k. It reported 1 employees.