Breedlove Foods Inc

Analysis

Breedlove Foods Inc is a registered charity in United States, based in Lubbock, TX. It received its IRS tax-exemption ruling in August 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, Breedlove Foods Inc reported income of $6.3m and spending of $7.5m, spending 118% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.1m to $6.3m (+24%), an average of +5.5% a year. The sharpest change came in the year to September 2022, when income rose by 40%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Breedlove Foods Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within TX. Charities of a similar size with the same main cause include Living Well Group Inc ($6.3m), Presbyterian Homes of Andover Inc ($6.3m) and Immerse Arkansas ($6.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 55% and program service revenue 45% of the total. Other salaries and wages came to $462k. At year end it held assets of $8.8m against liabilities of $2.0m, net assets of $6.8m. It reported 37 employees.