Quick charity verification for Bread Of Life Ministries Inc (EIN: 222717615)
Verdict: Bread Of Life Ministries Inc appears trustworthy
75/100Mission Score
$2.3MRevenue
$5.4MAssets
3Red Flags
4Strengths
Red Flags
Lack of detailed breakdown for program, administrative, and fundraising expenses in the provided data makes it challenging to fully evaluate financial efficiency.
The provided data does not include information on executive compensation, which is a common red flag for transparency.
A notable decrease in revenue from $2,688,939 in 2022 to $2,206,340 in 2023 warrants further investigation into its causes and impact on operations.
Strengths
Consistent revenue generation over several years, with revenues generally above $1.8 million annually.
Significant growth in assets from $4,118,109 in 2017 to $5,034,597 in 2023, indicating financial stability and capacity.
Low liability-to-asset ratio, with liabilities consistently below 30% of total assets, suggesting good financial health.
Positive net assets (assets exceeding liabilities) in all reported years, demonstrating a strong financial foundation.
Spending Breakdown
How Bread Of Life Ministries Inc allocates its funds across programs, administration, and fundraising.
70%
Program Spending
Below average — room for improvement
15%
Admin Costs
Reasonable — admin costs in check
15%
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 Ministries Inc
Is Bread Of Life Ministries Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bread Of Life Ministries Inc (EIN: 222717615) appears trustworthy. Mission Score: 75/100. 3 red flags identified, 4 strengths noted.
Is Bread Of Life Ministries Inc a good charity to donate to?
Bread Of Life Ministries Inc has a Mission Score of 75/100. Revenue: $2.3M. Assets: $5.4M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bread Of Life Ministries Inc?
The Employer Identification Number (EIN) for Bread Of Life Ministries Inc is 222717615. 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 Ministries Inc spend its money?
Bread Of Life Ministries Inc allocates 70% to programs, 15% to administration, and 15% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bread Of Life Ministries Inc's tax-exempt status?
You can verify Bread Of Life Ministries Inc's tax-exempt status using EIN 222717615 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 Ministries Inc is a housing & shelter nonprofit based in Augusta, Maine, with reported revenue of $2.3M and assets of $5.4M. Our AI analysis assigns a Mission Score of 75/100 (Good). Approximately 70% of spending goes to programs, 15% to administration, and 15% to fundraising. Executive compensation cannot be assessed from the provided data, as no specific figures for salaries or benefits of key personnel are included in the filings. Revenue has grown +80% across 13 filing periods.