Bread Line Inc

Analysis

Bread Line Inc is a registered charity in United States, based in Fairbanks, AK. It received its IRS tax-exemption ruling in April 1989, 37 years ago. 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 Line Inc reported income of $847k and spending of $638k, leaving 25% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $357k to $847k (+137%), an average of +24% a year. The sharpest change came in the year to December 2020, when income rose by 156%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bread Line Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 75th percentile within AK. Charities of a similar size with the same main cause include Normandale Lutheran Church Foundation ($847k), Geoversity Foundation ($847k) and Mount Olive Gardens No 1 Inc ($847k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 85% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $74k (12% of expenses). Other salaries and wages came to $251k. At year end it held assets of $1.5m against liabilities of $49k, net assets of $1.5m. It reported 11 employees.