Our Daily Bread Inc

Analysis

Our Daily Bread Inc is a registered charity in United States, based in Denton, TX. It received its IRS tax-exemption ruling in September 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 Inc reported income of $3.5m and spending of $3.5m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.5m (+190%), an average of +30% a year. The sharpest change came in the year to December 2020, when income rose by 133%. 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, Our Daily Bread Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within TX. Charities of a similar size with the same main cause include Hands Across the Water Inc ($3.5m), Rise Community Solutions Inc ($3.5m) and Aging Services Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $118k (3.4% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $1.7m against liabilities of $0, net assets of $1.7m. It reported 85 employees.