Breaking Bread Ministries Inc

Analysis

Breaking Bread Ministries Inc is a registered charity in United States, based in Madisonville, KY. It received its IRS tax-exemption ruling in March 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Breaking Bread Ministries Inc reported income of $138k and spending of $131k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $138k (-15%), an average of -14% a year. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Breaking Bread Ministries Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 45th percentile within KY. Charities of a similar size with the same main cause include Family Bible Fellowship and Academy ($138k), Well Mission ($138k) and Staples Area Food Shelf Inc ($138k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $321k against liabilities of $0, net assets of $321k.