Bread of Life Mission

Analysis

Bread of Life Mission is a registered charity in United States, based in Seattle, WA. It received its IRS tax-exemption ruling in February 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bread of Life Mission reported income of $2.8m and spending of $2.4m, spending 87% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $2.2m to $2.8m (+28%), an average of +8.7% a year. The sharpest change came in the year to June 2023, when income rose by 22%. Over the whole period it spent 83% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bread of Life Mission sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Big Brothers Big Sisters of Oklahoma Inc ($2.8m), Child Care Resources of Monmouth County Inc ($2.8m) and Center for Empowering Refugees and Immigrants Inc - Ceri ($2.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 6.1% of the total. Compensation of current officers, directors and key employees was $226k (9.3% of expenses). Other salaries and wages came to $389k. It paid $339k in professional fundraising fees. At year end it held assets of $4.0m against liabilities of $302k, net assets of $3.7m. It reported 7 employees.