Daily Bread Soup Kitchen Inc

Analysis

Daily Bread Soup Kitchen Inc is a registered charity in United States, based in Champaign, IL. It received its IRS tax-exemption ruling in February 2010, 16 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, Daily Bread Soup Kitchen Inc reported income of $628k and spending of $591k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $444k to $628k (+41%), an average of +9.0% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 69% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Daily Bread Soup Kitchen Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within IL. Charities of a similar size with the same main cause include Budgit Foundation ($628k), Reaching Avery Ministry ($628k) and Fenwick Foundation ($627k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3.1m against liabilities of $8,078, net assets of $3.1m.