Bread of Life International Inc

Analysis

Bread of Life International Inc is a registered charity in United States, based in East Earl, PA. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover human services, 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, Bread of Life International Inc reported income of $3.6m and spending of $3.8m, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.2m to $3.6m (+199%), an average of +32% a year. The sharpest change came in the year to December 2022, when income rose by 187%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread of Life International Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 89th percentile within PA. Charities of a similar size with the same main cause include Readykids Inc ($3.6m), Mississippi Low-Income Child-Care Initiative ($3.6m) and Lift Foundation ($3.6m).

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 $63k (1.7% of expenses). Other salaries and wages came to $207k. At year end it held assets of $3.6m against liabilities of $12k, net assets of $3.6m.