Bread of Life Christian Academy Corp

Analysis

Bread of Life Christian Academy Corp is a registered charity in United States, based in Palm Bay, FL. It received its IRS tax-exemption ruling in August 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bread of Life Christian Academy Corp reported income of $136k and spending of $189k, spending 138% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $288k to $136k (-53%), an average of -17% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 129% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bread of Life Christian Academy Corp sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 49th percentile within FL. Charities of a similar size with the same main cause include Setauket Parents Play School Inc ($136k), HSSD Parent Club Network Inc ($136k) and NRHS Friends of Music ($136k).

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 $1 against liabilities of $0, net assets of $1.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.