Bread of Life Outreach of Colden New York Inc

Analysis

Bread of Life Outreach of Colden New York Inc is a registered charity in United States, based in Colden, NY. It received its IRS tax-exemption ruling in April 2011, 15 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, Bread of Life Outreach of Colden New York Inc reported income of $117k and spending of $108k, spending 92% of its income. Across the 4 years on record, from December 2020 to December 2023, income fell from $201k to $117k (-42%), an average of -16% a year. The sharpest change came in the year to December 2021, when income dropped by 30%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread of Life Outreach of Colden New York Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within NY. Charities of a similar size with the same main cause include Humanitarian Hands Charities ($117k), Whitehall-Coplay Hunger Initiative ($117k) and Compelled to Care ($117k).

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 $349k against liabilities of $0, net assets of $349k.