Bread of Life Ministry Inc

Analysis

Bread of Life Ministry Inc is a registered charity in United States, based in Lynnville, IN. It received its IRS tax-exemption ruling in December 1986, 40 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 September 2024, Bread of Life Ministry Inc reported income of $3.7m and spending of $4.0m, spending 106% of what it took in. Across the 6 years on record, from September 2019 to September 2024, income fell from $4.7m to $3.7m (-21%), an average of -4.5% a year. The sharpest change came in the year to September 2024, when income dropped by 17%. Over the whole period it spent 100% 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 Ministry Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within IN. Charities of a similar size with the same main cause include Pittsboro Volunteer Fire and Rescue Department Inc ($3.7m), Youth & Opportunity United Inc ($3.7m) and Lifesigns Now ($3.7m).

On its Form 990 for the period ending September 2024, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $41k (1.0% of expenses). At year end it held assets of $2.1m against liabilities of $15k, net assets of $2.1m. It reported 2 employees.