Bread of Life International Church of God Inc

Analysis

Bread of Life International Church of God Inc is a registered charity in United States, based in Royal PLM BCH, FL. It received its IRS tax-exemption ruling in October 1972, 54 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2021, Bread of Life International Church of God Inc reported income of $84k and spending of $54k, leaving 36% of income unspent that year. Across the 2 years on record, from December 2020 to December 2021, income grew from $70k to $84k (+19%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 75% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bread of Life International Church of God Inc sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 36th percentile within FL. Charities of a similar size with the same main cause include Sharon Historical Society Inc ($84k), Chinese-Vietnamese Buddhist Association ($84k) and Psi Beta Inc ($84k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $12k. At year end it held assets of $0 against liabilities of $0, net assets of $0.