Bread of Life Food Pantry Inc

Analysis

Bread of Life Food Pantry Inc is a registered charity in United States, based in Summersville, WV. It received its IRS tax-exemption ruling in April 2016, 10 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, Bread of Life Food Pantry Inc reported income of $52k and spending of $43k, spending 83% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $48k to $52k (+7.9%), an average of +1.9% a year. The sharpest change came in the year to December 2020, when income rose by 28%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread of Life Food Pantry Inc sits at the 18th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 18th percentile within WV. Charities of a similar size with the same main cause include Donations From the Heart Inc ($52k), San Antonio Time Dollar Community Connections ($52k) and The Pastime Club Inc ($52k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $150k against liabilities of $0, net assets of $150k.