Our Daily Bread Christian Food Ministry Inc

Analysis

Our Daily Bread Christian Food Ministry Inc is a registered charity in United States, based in Rockingham, NC. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2022, Our Daily Bread Christian Food Ministry Inc reported income of $61k and spending of $141k, spending 231% of what it took in. Across the 2 years on record, from December 2021 to December 2022, income fell from $213k to $61k (-71%), an average of -71% a year. The sharpest change came in the year to December 2022, when income dropped by 71%. Over the whole period it spent 93% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Daily Bread Christian Food Ministry Inc sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 22nd percentile within NC. Charities of a similar size with the same main cause include Eco Urban Gardens ($61k), Anambra State Association Dallas-Fort Worth Inc Asa-Dfw Inc ($61k) and Hand in Hand Senior Center ($61k).

On its Form 990-EZ for the period ending December 2022, revenue came from contributions and grants 47% and program service revenue 47% of the total. At year end it held assets of $200k against liabilities of $0, net assets of $200k.