Daily Bread of Lenawee Inc

Analysis

Daily Bread of Lenawee Inc is a registered charity in United States, based in Adrian, MI. It received its IRS tax-exemption ruling in October 2000, 26 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, Daily Bread of Lenawee Inc reported income of $242k and spending of $268k, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $132k to $242k (+83%), an average of +16% a year. The sharpest change came in the year to December 2020, when income rose by 63%. Over the whole period it spent 94% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Daily Bread of Lenawee Inc sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 58th percentile, and in the 57th percentile within MI. Charities of a similar size with the same main cause include Courage Ranch ($242k), Innovate 120 Inc ($242k) and Flaming Pine Youth Camp ($242k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% of the total. Other salaries and wages came to $120k. At year end it held assets of $252k against liabilities of $6,408, net assets of $246k. It reported 5 employees.