Hot Bread Kitchen Ltd

Analysis

Hot Bread Kitchen Ltd is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2009, 17 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, Hot Bread Kitchen Ltd reported income of $11.3m and spending of $7.4m, leaving 34% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.3m to $11.3m (+161%), an average of +27% a year. The sharpest change came in the year to December 2023, when income rose by 311%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hot Bread Kitchen Ltd sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Hill Country Youth Ranch ($11.3m), Union City Day Care Program Inc ($11.3m) and The Child and Family Guidance Center Inc ($11.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $550k (7.4% of expenses). Other salaries and wages came to $2.8m. It paid $329k in professional fundraising fees. At year end it held assets of $13.0m against liabilities of $317k, net assets of $12.7m. It reported 69 employees.