Break Bread

Analysis

Break Bread is a registered charity in United States, based in Littleton, CO. It received its IRS tax-exemption ruling in November 2017, 9 years ago. 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, Break Bread reported income of $219k and spending of $297k, spending 135% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $170k to $219k (+29%), an average of +6.6% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 101% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Break Bread sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 52nd percentile within CO. Charities of a similar size with the same main cause include R a Vernon Ministries Inc ($219k), Sound Beach Volunteer Services Foundation Inc ($219k) and Fayette County Commission on Aging Incorporated ($219k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (22% of expenses). Other salaries and wages came to $66k. At year end it held assets of $26k against liabilities of $1,793, net assets of $24k. It reported 3 employees.