Marys House of Bread

Analysis

Marys House of Bread is a registered charity in United States, based in Baton Rouge, LA. It received its IRS tax-exemption ruling in August 2002, 24 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, Marys House of Bread reported income of $519k and spending of $494k, spending 95% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $20k to $519k (+2435%), an average of +404% a year. The sharpest change came in the year to December 2023, when income rose by 880%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Marys House of Bread 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 71st percentile, and in the 70th percentile within LA. Charities of a similar size with the same main cause include HTX Hope Haven ($519k), Community Retirement Home ($519k) and Sable Points Lighthouse Keepers Association ($519k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 3.2% of the total. At year end it held assets of $165k against liabilities of $0, net assets of $165k.