Bread of Life World Missions Inc

Analysis

Bread of Life World Missions Inc is a registered charity in United States, based in Brooksville, FL. It received its IRS tax-exemption ruling in January 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Bread of Life World Missions Inc reported income of $130k and spending of $144k, spending 111% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income fell from $146k to $130k (-11%), an average of -5.4% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 106% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bread of Life World Missions Inc sits at the 49th percentile: it is larger than about 49% of them. Against every charity in United States with reported income it ranks in the 44th percentile, and in the 48th percentile within FL. Charities of a similar size with the same main cause include Sose & Allens Legacy Fund Inc ($130k), MMS Charity ($131k) and Port Authority Police World Trade Disaster Survivors Fund ($130k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,911 against liabilities of $1,321, net assets of $8,590.