Our Daily Bread Foundation

Analysis

Our Daily Bread Foundation is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in December 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Our Daily Bread Foundation reported income of $142k and spending of $108k, leaving 24% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $69k to $142k (+106%), an average of +106% a year. The sharpest change came in the year to December 2023, when income rose by 106%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Daily Bread Foundation sits at the 41st percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NC. Charities of a similar size with the same main cause include Valley Crossroads Inc ($142k), Sofesa ($142k) and New Creation Outreach Inc ($142k).

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 $34k against liabilities of $564, net assets of $34k.