Bread of Life Rescue Mission

Analysis

Bread of Life Rescue Mission is a registered charity in United States, based in Crossville, TN. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending July 2023, Bread of Life Rescue Mission reported income of $631k and spending of $585k, spending 93% of its income. Across the 4 years on record, from July 2020 to July 2023, income grew from $446k to $631k (+42%), an average of +12% a year. The sharpest change came in the year to July 2021, when income rose by 26%. Over the whole period it spent 99% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread of Life Rescue Mission sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 75th percentile within TN. Charities of a similar size with the same main cause include Eastern Oklahoma Donated Dental Services ($631k), Vine and Village ($631k) and Algonquin-Lake in the Hills Interfaith Food Pantry Inc ($631k).

On its Form 990 for the period ending July 2023, revenue came from contributions and grants 64% and program service revenue 36% of the total. Other salaries and wages came to $231k. At year end it held assets of $1.1m against liabilities of $4,219, net assets of $1.1m. It reported 13 employees.