Is Bread Of Life Development Ministries Inc Legit?

Quick charity verification for Bread Of Life Development Ministries Inc (EIN: 208369872)

Verdict: Bread Of Life Development Ministries Inc appears trustworthy

85/100Mission Score
$2.8MRevenue
$1.6MAssets
2Red Flags
4Strengths

Red Flags

Strengths

Spending Breakdown

How Bread Of Life Development Ministries Inc allocates its funds across programs, administration, and fundraising.

75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.

How to Interpret This Report

What Red Flags Mean

Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.

What Mission Score Measures

The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.

Using This Data for Donation Decisions

Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.

Frequently Asked Questions about Bread Of Life Development Ministries Inc

Is Bread Of Life Development Ministries Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Bread Of Life Development Ministries Inc (EIN: 208369872) appears trustworthy. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.

Is Bread Of Life Development Ministries Inc a good charity to donate to?

Bread Of Life Development Ministries Inc has a Mission Score of 85/100. Revenue: $2.8M. Assets: $1.6M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bread Of Life Development Ministries Inc?

The Employer Identification Number (EIN) for Bread Of Life Development Ministries Inc is 208369872. This is the unique tax ID assigned by the IRS.

What is a Mission Score?

The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.

How does Bread Of Life Development Ministries Inc spend its money?

Bread Of Life Development Ministries Inc allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bread Of Life Development Ministries Inc's tax-exempt status?

You can verify Bread Of Life Development Ministries Inc's tax-exempt status using EIN 208369872 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.

AI Transparency Report

Bread Of Life Development Ministries Inc demonstrates a consistent commitment to its mission, as evidenced by its program spending. Over the past several years, the organization has maintained a high proportion of its expenses dedicated to program services, with 75% of its 2023 expenses going directly to programs. This indicates efficient use of donor funds towards its stated goals. However, the organization has experienced operating deficits in recent years, with expenses exceeding revenue in 2023 ($3,548,721 in expenses vs. $3,452,123 in revenue) and 2022 ($4,090,284 in expenses vs. $3,707,881 in revenue). While assets have grown significantly from $70,160 in 2019 to $1,578,743 in 2023, the increasing liabilities, reaching $1,480,707 in 2023, warrant close monitoring. The organization's transparency is commendable, particularly with 0% officer compensation reported across all available filings, suggesting a volunteer-driven leadership or that compensation is not reported under 'officer compensation' on the 990. This practice, if accurate, can build significant trust with donors. The consistent filing of IRS Form 990s over 14 periods also reflects a commitment to regulatory compliance and public disclosure. Despite the recent operating deficits, the substantial growth in revenue and assets over the past five years, from $832,591 in revenue and $70,160 in assets in 2019 to over $3.4 million in revenue and $1.5 million in assets in 2023, indicates a rapidly expanding organization with increasing capacity to serve its community.

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Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.

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