Daily Bread Ministries

Analysis

Daily Bread Ministries is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in February 1998, 28 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 Ministries reported income of $11.2m and spending of $11.4m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $11.2m (+61%), an average of +13% a year. The sharpest change came in the year to December 2020, when income rose by 106%. 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, Daily Bread Ministries sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Young Mens Christian Association of Southeast Ventura County ($11.2m), Bi-Bett ($11.2m) and Catholic Charities Inc ($11.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $92k (0.8% of expenses). Other salaries and wages came to $227k. At year end it held assets of $5.1m against liabilities of $2.2m, net assets of $2.9m. It reported 9 employees.