Breadcoin Foundation Ltd

Analysis

Breadcoin Foundation Ltd is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2018, 8 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, Breadcoin Foundation Ltd reported income of $565k and spending of $574k, spending 102% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $296k to $565k (+91%), an average of +38% a year. The sharpest change came in the year to December 2022, when income rose by 58%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Breadcoin Foundation Ltd sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 45th percentile within DC. Charities of a similar size with the same main cause include Patrick Community Living Facility Inc ($565k), Christian Outreach Program - Elkhorn ($565k) and Wumco Help Inc ($565k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 21% of the total. Other salaries and wages came to $105k. At year end it held assets of $502k against liabilities of $180k, net assets of $322k. It reported 2 employees.