Bread Project

Analysis

Bread Project is a registered charity in United States, based in Berkeley, CA. It received its IRS tax-exemption ruling in July 2000, 26 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 June 2023, Bread Project reported income of $694k and spending of $671k, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.0m to $694k (-32%), an average of -9.1% a year. The sharpest change came in the year to June 2021, when income dropped by 39%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bread Project sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 76th percentile within CA. Charities of a similar size with the same main cause include Waterloo Development Corporation ($694k), Greater Eastern Oregon Development Corporation ($694k) and Vine Street Community Center Council Inc ($694k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 80% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $92k (14% of expenses). Other salaries and wages came to $281k. At year end it held assets of $394k against liabilities of $313k, net assets of $81k. It reported 5 employees.