Bread of Hope

Analysis

Bread of Hope is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in May 2011, 15 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 Hope reported income of $250k and spending of $315k, spending 126% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $280k to $250k (-11%), an average of -2.8% a year. Over the whole period it spent 84% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Bread of Hope sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 62nd percentile within GA. Charities of a similar size with the same main cause include American Friends of Ptach ($250k), A Better Belize Inc ($250k) and Beyond the Walls Inc ($250k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $77k (24% of expenses). At year end it held assets of $262k against liabilities of $6,463, net assets of $256k. It reported 1 employees.