Our Daily Bread Food Pantry

Analysis

Our Daily Bread Food Pantry is a registered charity in United States, based in Marco Island, FL. It received its IRS tax-exemption ruling in June 2019, 7 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, Our Daily Bread Food Pantry reported income of $6.0m and spending of $3.0m, leaving 50% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $212k to $6.0m (+2749%), an average of +131% a year. The sharpest change came in the year to December 2020, when income rose by 1103%. Over the whole period it spent 64% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Our Daily Bread Food Pantry sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Bis-Man Transit Board ($6.0m), Life Message Inc ($6.0m) and Youth Homes ($6.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% of the total. Compensation of current officers, directors and key employees was $112k (3.7% of expenses). Other salaries and wages came to $2,076. At year end it held assets of $5.0m against liabilities of $119k, net assets of $4.9m. It reported 2 employees.