Our Daily Bread Soup Kitchen Foundation

Analysis

Our Daily Bread Soup Kitchen Foundation is a registered charity in United States, based in Taunton, MA. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover food, agriculture and nutrition, 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 2023, Our Daily Bread Soup Kitchen Foundation reported income of $196k and spending of $196k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $487k to $196k (-60%), an average of -37% a year. The sharpest change came in the year to December 2022, when income dropped by 63%. Over the whole period it spent 56% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Daily Bread Soup Kitchen Foundation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 57th percentile within MA. Charities of a similar size with the same main cause include KLS Community Food Pantry ($196k), Grace and Mercy Community Outreach Inc ($196k) and Dream Center Clinic Inc ($196k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $73k. At year end it held assets of $223k against liabilities of $65k, net assets of $158k. It reported 3 employees.