Downtown Daily Bread

Analysis

Downtown Daily Bread is a registered charity in United States, based in Harrisburg, PA. It received its IRS tax-exemption ruling in February 2022, 4 years ago. Its declared purposes cover human services, 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, Downtown Daily Bread reported income of $1.3m and spending of $1.1m, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $5.1m to $1.3m (-75%), an average of -75% a year. The sharpest change came in the year to December 2023, when income dropped by 75%. Over the whole period it spent 29% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Downtown Daily Bread sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within PA. Charities of a similar size with the same main cause include Deaf Inc ($1.3m), Pregnancy Solutions Inc ($1.3m) and Hub Argentine Inc ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 91% and program service revenue 4.0% of the total. Compensation of current officers, directors and key employees was $96k (8.7% of expenses). Other salaries and wages came to $475k. At year end it held assets of $4.3m against liabilities of $0, net assets of $4.3m. It reported 21 employees.