Bread Basket Ministries

Analysis

Bread Basket Ministries is a registered charity in United States, based in Fort Worth, TX. It received its IRS tax-exemption ruling in November 1985, 41 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, Bread Basket Ministries reported income of $609k and spending of $624k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $459k to $609k (+33%), an average of +7.3% a year. The sharpest change came in the year to December 2023, when income rose by 22%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bread Basket Ministries sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 77th percentile within TX. Charities of a similar size with the same main cause include Operation Troop Appreciation ($609k), International Brotherhood of Electrical Workers ($610k) and Sojourners Alliance Inc ($609k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $80k (13% of expenses). Other salaries and wages came to $5,050. At year end it held assets of $407k against liabilities of $4,444, net assets of $403k. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.