Bread for Life Community Food Pantry Inc

Analysis

Bread for Life Community Food Pantry Inc is a registered charity in United States, based in Gloucester, VA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bread for Life Community Food Pantry Inc reported income of $360k and spending of $318k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $266k to $360k (+35%), an average of +7.8% a year. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread for Life Community Food Pantry Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 64th percentile within VA. Charities of a similar size with the same main cause include Nest Community Learning Center ($360k), Assist the Officer Inc ($360k) and House of the Good Shepherd of Memphis ($360k).

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 $18k (5.7% of expenses). At year end it held assets of $482k against liabilities of $825, net assets of $481k. It reported 1 employees.