Radford-Fairlawn Daily Bread Inc

Analysis

Radford-Fairlawn Daily Bread Inc is a registered charity in United States, based in Radford, VA. It received its IRS tax-exemption ruling in April 1992, 34 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 December 2023, Radford-Fairlawn Daily Bread Inc reported income of $115k and spending of $132k, spending 114% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $91k to $115k (+26%), an average of +6.0% a year. The sharpest change came in the year to December 2020, when income rose by 37%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Radford-Fairlawn Daily Bread Inc sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 40th percentile within VA. Charities of a similar size with the same main cause include Undestructable ($115k), Little Gems Daycare Center ($115k) and Cape Ministry Inc ($115k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $54k. At year end it held assets of $176k against liabilities of $9,415, net assets of $166k. It reported 7 employees.