Bread of Life Missions

Analysis

Bread of Life Missions is a registered charity in United States, based in Hanahan, SC. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover human services, 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, Bread of Life Missions reported income of $446k and spending of $434k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $372k to $446k (+20%), an average of +4.7% a year. The sharpest change came in the year to December 2020, when income rose by 20%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread of Life Missions sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 73rd percentile within SC. Charities of a similar size with the same main cause include SFM Charities Inc ($446k), Family Promise of Greater Roanoke Inc ($446k) and Community Child Care Inc ($446k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 3.8% of the total. Compensation of current officers, directors and key employees was $56k (13% of expenses). At year end it held assets of $235k against liabilities of $0, net assets of $235k. It reported 2 employees.