Bread for the City Inc

Analysis

Bread for the City Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1979, 47 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 June 2023, Bread for the City Inc reported income of $21.0m and spending of $20.9m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $17.1m to $21.0m (+23%), an average of +5.3% a year. The sharpest change came in the year to June 2021, when income rose by 37%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread for the City Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 93rd percentile within DC. Charities of a similar size with the same main cause include Independent Living Resource Center Inc ($21.0m), Norwood Crossing Association ($21.0m) and Northeast Iowa Food Bank Inc ($21.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 85% and program service revenue 11% of the total. Other salaries and wages came to $10.2m. At year end it held assets of $64.2m against liabilities of $35.6m, net assets of $28.6m. It reported 174 employees.