Bread of Healing Inc

Analysis

Bread of Healing Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in March 2007, 19 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bread of Healing Inc reported income of $2.0m and spending of $2.1m, spending 105% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $817k to $2.0m (+146%), an average of +25% a year. The sharpest change came in the year to December 2022, when income rose by 61%. Over the whole period it spent 103% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bread of Healing Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within WI. Charities of a similar size with the same main cause include Positive Health Project ($2.0m), American Board of Periodontology Inc ($2.0m) and Tallahatchie General Hospital Medical Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 48% and program service revenue 51% of the total. Other salaries and wages came to $819k. At year end it held assets of $742k against liabilities of $79k, net assets of $663k. It reported 19 employees.