Our Daily Bread Kitchen Inc

Analysis

Our Daily Bread Kitchen Inc is a registered charity in United States, based in Asheboro, NC. It received its IRS tax-exemption ruling in October 2014, 12 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, Our Daily Bread Kitchen Inc reported income of $161k and spending of $171k, spending 106% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $188k to $161k (-14%), an average of -7.4% a year. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Daily Bread Kitchen Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Housing and Opportunity Foundation of Kern ($161k), The Methodist Oaks ($161k) and Osu Folk Club Thrift Shop Inc Attn Bookkeeper ($161k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $298k against liabilities of $121, net assets of $298k.