Bread of Life Community Development Corporation of Louisiana

Analysis

Bread of Life Community Development Corporation of Louisiana is a registered charity in United States, based in Oakdale, LA. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 Community Development Corporation of Louisiana reported income of $1.2m and spending of $863k, leaving 26% of income unspent that year. Across the 5 years on record, from April 2020 to December 2023, income grew from $70k to $1.2m (+1551%), an average of +102% a year. The sharpest change came in the year to December 2023, when income rose by 703%. Over the whole period it spent 68% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bread of Life Community Development Corporation of Louisiana sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within LA. Charities of a similar size with the same main cause include Shoot for a Cure ($1.2m), Kent Hospital Foundation ($1.2m) and International Society for Traumatic Stress Studies ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 75% and program service revenue 25% of the total. Other salaries and wages came to $122k. At year end it held assets of $1.5m against liabilities of $745k, net assets of $779k. It reported 4 employees.