Together We Bake

Analysis

Together We Bake is a registered charity in United States, based in Alexandria, VA. It received its IRS tax-exemption ruling in March 2015, 11 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 2023, Together We Bake reported income of $970k and spending of $919k, spending 95% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $620k to $970k (+57%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 33%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Together We Bake sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within VA. Charities of a similar size with the same main cause include TNM Asset Management Organization NFP ($970k), Abundant Blessings Thrift Shop of Milfflintown ($970k) and Lydias House in Southeast ($970k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $197k (21% of expenses). Other salaries and wages came to $410k. It paid $17k in professional fundraising fees. At year end it held assets of $1.1m against liabilities of $37k, net assets of $1.1m. It reported 12 employees.