House of Bread Ministry

Analysis

House of Bread Ministry is a registered charity in United States, based in Bellingham, WA. It received its IRS tax-exemption ruling in April 2001, 25 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, House of Bread Ministry reported income of $102k and spending of $130k, spending 127% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $142k to $102k (-28%), an average of -28% a year. The sharpest change came in the year to December 2023, when income dropped by 28%. Over the whole period it spent 110% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, House of Bread Ministry sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 33rd percentile within WA. Charities of a similar size with the same main cause include Luke10 Ministries ($102k), Paramita Buddhist Monastery ($102k) and Grad Resources ($102k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $24k against liabilities of $1,193, net assets of $22k.