Our Daily Bread of Bradenton Inc

Analysis

Our Daily Bread of Bradenton Inc is a registered charity in United States, based in Bradenton, FL. It received its IRS tax-exemption ruling in April 1993, 33 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, Our Daily Bread of Bradenton Inc reported income of $424k and spending of $422k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $333k to $424k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2020, when income rose by 58%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Our Daily Bread of Bradenton Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 70th percentile within FL. Charities of a similar size with the same main cause include Crescent Islamic Montessori School ($424k), North Park Theatre of Buffalo Inc ($424k) and Charles W Christie Foundation ($424k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $45k (11% of expenses). At year end it held assets of $1.3m against liabilities of $0, net assets of $1.3m. It reported 20 employees.