Our Daily Bread Ministries Foundation

Analysis

Our Daily Bread Ministries Foundation is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in March 1999, 27 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 March 2023, Our Daily Bread Ministries Foundation reported income of $7.8m and spending of $6.8m, spending 88% of its income. Across the 5 years on record, from March 2019 to March 2023, income grew from $4.2m to $7.8m (+85%), an average of +17% a year. The sharpest change came in the year to March 2022, when income rose by 54%. Over the whole period it spent 62% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Our Daily Bread Ministries Foundation sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within MI. Charities of a similar size with the same main cause include BFP International Inc ($7.7m), Holy Name Real Estate Corp ($7.8m) and New Gate to Peace Foundation ($7.7m).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 97% of the total. At year end it held assets of $33.6m against liabilities of $24k, net assets of $33.5m.