Daily Bread Community Food Pantry Inc

Analysis

Daily Bread Community Food Pantry Inc is a registered charity in United States, based in Schwenksville, PA. It received its IRS tax-exemption ruling in March 2015, 11 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Daily Bread Community Food Pantry Inc reported income of $2.1m and spending of $2.1m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $2.1m (+44%), an average of +9.5% a year. The sharpest change came in the year to December 2020, when income rose by 49%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Daily Bread Community Food Pantry Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within PA. Charities of a similar size with the same main cause include Berks Encore Inc ($2.1m), Hope Clinic and Care Center Inc ($2.1m) and Southern Nevada Senior Law Program ($2.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% of the total. Compensation of current officers, directors and key employees was $44k (2.1% of expenses). Other salaries and wages came to $7,940. At year end it held assets of $3.9m against liabilities of $0, net assets of $3.9m. It reported 2 employees.