Our Daily Bread of Tennessee Inc

Analysis

Our Daily Bread of Tennessee Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in February 1997, 29 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Our Daily Bread of Tennessee Inc reported income of $15.2m and spending of $15.2m, spending 100% of its income. Across the 4 years on record, from September 2019 to September 2023, income grew from $11.1m to $15.2m (+38%), an average of +11% a year. The sharpest change came in the year to September 2022, when income rose by 31%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Daily Bread of Tennessee Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TN. Charities of a similar size with the same main cause include Scott-Carver-Dakota Cap Agency Inc ($15.2m), Monadnock Family Services ($15.2m) and Child Development Consortium of Los Angeles Inc ($15.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $222k (1.5% of expenses). Other salaries and wages came to $993k. At year end it held assets of $2.6m against liabilities of $1.3m, net assets of $1.3m. It reported 36 employees.