Our Daily Bread Ministries Trust

Analysis

Our Daily Bread Ministries Trust is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in July 1979, 47 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a supporting organisation 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 Trust reported income of $831k and spending of $305k, leaving 63% of income unspent that year. Across the 5 years on record, from March 2019 to March 2023, income grew from $554k to $831k (+50%), an average of +11% a year. The sharpest change came in the year to March 2020, when income rose by 100%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Our Daily Bread Ministries Trust sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MI. Charities of a similar size with the same main cause include Memorial Drive Ministries Inc ($831k), Illinois Family Institute ($831k) and Congregations Caring for Creation ($830k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 75% of the total. At year end it held assets of $6.5m against liabilities of $6.0m, net assets of $512k.