Bread of Life Food Pantry Inc

Analysis

Bread of Life Food Pantry Inc is a registered charity in United States, based in Bennettsville, SC. It received its IRS tax-exemption ruling in September 2014, 12 years ago. Its declared purposes cover food, agriculture and nutrition, 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 Food Pantry Inc reported income of $66k and spending of $71k, spending 107% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $42k to $66k (+55%), an average of +55% a year. The sharpest change came in the year to December 2023, when income rose by 55%. Over the whole period it spent 110% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread of Life Food Pantry Inc sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 26th percentile, and in the 32nd percentile within SC. Charities of a similar size with the same main cause include Floyd Kress Homes Inc ($66k), Dayton Autism Society ($66k) and Love N Cherish Family Center Inc ($66k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $58k against liabilities of $0, net assets of $58k.