Bread of Life Tabernacle MD

Analysis

Bread of Life Tabernacle MD is a registered charity in United States, based in Silver Spring, MD. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bread of Life Tabernacle MD reported income of $76k and spending of $84k, spending 110% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $72k to $76k (+5.9%), an average of +5.9% a year. Over the whole period it spent 93% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bread of Life Tabernacle MD sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 30th percentile, and in the 31st percentile within MD. Charities of a similar size with the same main cause include Iglesia Pentecostes Fuente de Luz ($76k), New Horizons Family Ministry Inc ($76k) and Chinese Bible International USA Corporation ($76k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $20k, net assets of $68k.