Bread of Life Inc

Analysis

Bread of Life Inc is a registered charity in United States, based in Houston, TX. It received its IRS tax-exemption ruling in July 1993, 33 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 2022, Bread of Life Inc reported income of $15.7m and spending of $17.3m, spending 110% of what it took in. Across the 4 years on record, from December 2019 to December 2022, income grew from $5.1m to $15.7m (+208%), an average of +45% a year. The sharpest change came in the year to December 2020, when income rose by 94%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread of Life Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within TX. Charities of a similar size with the same main cause include Young Mens Christian Association of Columbia Willamette ($15.7m), Arrowleaf ($15.7m) and New England Villages Inc ($15.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 97% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $106k (0.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $6.3m against liabilities of $4.6m, net assets of $1.7m. It reported 28 employees.