Bread of Life

Analysis

Bread of Life is a registered charity in United States, based in Stockton, CA. It received its IRS tax-exemption ruling in December 2010, 16 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, Bread of Life reported income of $457k and spending of $352k, leaving 23% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $731k to $457k (-38%), an average of -11% a year. The sharpest change came in the year to December 2020, when income rose by 377%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread of Life sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 70th percentile within CA. Charities of a similar size with the same main cause include Its Going to Be Ok Inc ($457k), Veteran Rites Inc ($457k) and Ruths Refuge Inc ($457k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $65k (18% of expenses). Other salaries and wages came to $96k. At year end it held assets of $575k against liabilities of $0, net assets of $575k. It reported 5 employees.