Putnam County Bread of Life Inc

Analysis

Putnam County Bread of Life Inc is a registered charity in United States, based in Palatka, FL. It received its IRS tax-exemption ruling in May 1990, 36 years ago. 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, Putnam County Bread of Life Inc reported income of $413k and spending of $340k, spending 82% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $226k to $413k (+83%), an average of +22% a year. The sharpest change came in the year to December 2022, when income rose by 50%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Putnam County Bread of Life Inc sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include West Manheim Housing Inc ($413k), Kutztown Community Library Inc ($413k) and Rosy Simas Danse Inc ($413k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $209k against liabilities of $0, net assets of $209k.