Lynchburg Daily Bread Inc

Analysis

Lynchburg Daily Bread Inc is a registered charity in United States, based in Lynchburg, VA. It received its IRS tax-exemption ruling in December 1982, 44 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 2024, Lynchburg Daily Bread Inc reported income of $1.4m and spending of $981k, leaving 29% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $880k to $1.4m (+57%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 31%. Over the whole period it spent 71% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Lynchburg Daily Bread Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within VA. Charities of a similar size with the same main cause include Jewish Childrens Regional Service ($1.4m), Saint Vincent Depaul St Gabriel Conference ($1.4m) and Carry It Forward ($1.4m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 72% of the total. Other salaries and wages came to $569k. At year end it held assets of $2.5m against liabilities of $5,268, net assets of $2.5m. It reported 36 employees.