Our Daily Bread

Analysis

Our Daily Bread is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 1985, 41 years ago. 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, Our Daily Bread reported income of $1.6m and spending of $1.8m, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.1m to $1.6m (+45%), an average of +9.7% a year. The sharpest change came in the year to December 2020, when income rose by 66%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Daily Bread sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 84th percentile within OH. Charities of a similar size with the same main cause include These Our Treasures Inc ($1.6m), Habitat for Humanity International Inc ($1.6m) and Companion Animal Network Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $105k (5.9% of expenses). Other salaries and wages came to $647k. At year end it held assets of $4.1m against liabilities of $49k, net assets of $4.1m. It reported 29 employees.