Daily Bread Community Kitchen

Analysis

Daily Bread Community Kitchen is a registered charity in United States, based in Morristown, TN. It received its IRS tax-exemption ruling in November 1995, 31 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, Daily Bread Community Kitchen reported income of $295k and spending of $363k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $295k (+8.5%), an average of +2.0% a year. The sharpest change came in the year to December 2020, when income rose by 27%. Over the whole period it spent 107% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Daily Bread Community Kitchen sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 62nd percentile within TN. Charities of a similar size with the same main cause include Christ Child Society of Columbus Inc ($295k), American Financial Stewardship Foundation ($295k) and Bikur Cholim of Miami Beach Inc ($295k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% of the total. Other salaries and wages came to $154k. At year end it held assets of $1.1m against liabilities of $4,033, net assets of $1.1m.