Bread Of Life Development Ministries Inc
Bread Of Life Development Ministries Inc shows strong program spending but faces recent operating deficits amidst rapid growth.
EIN: 208369872 · Conyers, GA · NTEE: P60 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.8M |
| Total Expenses | $3.5M |
| Program Spending | 75% |
| Net Assets | $98K |
| Transparency Score | 85/100 |
Is Bread Of Life Development Ministries Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bread Of Life Development Ministries Inc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bread Of Life Development Ministries Inc
Bread Of Life Development Ministries Inc (EIN: 208369872) is a nonprofit organization based in Conyers, GA, classified under NTEE code P60. The organization reported total revenue of $2.8M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bread Of Life Development Ministries Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bread Of Life Development Ministries Inc is a mid-size nonprofit that has been operating for 15 years, with 14 years of IRS 990 filings on record (2010–2023). Revenue has grown at a compound annual rate of 27.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.5M |
| Total Expenses | $3.5M |
| Surplus / Deficit | $-96,598 |
| Total Assets | $1.6M |
| Total Liabilities | $1.5M |
| Net Assets | $98K |
| Operating Margin | -2.8% |
| Debt-to-Asset Ratio | 93.8% |
| Months of Reserves | 5.3 months |
Financial Health Grade: C
In 2023, Bread Of Life Development Ministries Inc reported a deficit of $97K with expenses exceeding revenue, holds 5.3 months of operating reserves (adequate), has a debt-to-asset ratio of 93.8% (high leverage).
Financial Trends
Over 14 years of filings (2010–2023), Bread Of Life Development Ministries Inc's revenue has grown at a compound annual growth rate (CAGR) of 27.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.9% | -13.2% | -17.0% |
| 2022 | -4.9% | +4.9% | +1.3% |
| 2021 | +56.7% | +102.7% | +92.7% |
| 2020 | +198.8% | +122.5% | +1288.2% |
| 2019 | -8.1% | -6.3% | -4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bread Of Life Development Ministries Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Bread Of Life Development Ministries Inc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $97K, with expenses exceeding revenue.
- Debt-to-asset ratio: 93.8%.
Executive Compensation Analysis
The organization consistently reports 0% officer compensation across all available filings, suggesting that executive leadership may be volunteer-based or compensated through other means not categorized as officer compensation on the 990, which is a positive indicator for donor trust.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bread Of Life Development Ministries Inc's IRS 990 filings:
- Operating deficits in recent years (2023: -$96,598; 2022: -$382,403), indicating expenses exceeding revenue.
- Significant increase in liabilities from $66,099 in 2019 to $1,480,707 in 2023, which warrants further investigation into their nature.
Strengths
The following positive indicators were identified for Bread Of Life Development Ministries Inc:
- Strong program spending ratio of 75%, indicating efficient use of funds for its mission.
- Consistent reporting of 0% officer compensation, suggesting a highly dedicated or volunteer leadership.
- Rapid growth in revenue and assets over the past five years, demonstrating increasing capacity and reach.
- Consistent filing of IRS Form 990s for 14 periods, reflecting strong transparency and compliance.
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) some concerns. Mission Score: 85/100. 2 red flags identified, 4 strengths noted.
How does Bread Of Life Development Ministries Inc spend its money?
Bread Of Life Development Ministries Inc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bread Of Life Development Ministries Inc tax-deductible?
Bread Of Life Development Ministries Inc is registered as a tax-exempt nonprofit (EIN: 208369872). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bread Of Life Development Ministries Inc's spending goes to programs?
Bread Of Life Development Ministries Inc directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bread Of Life Development Ministries Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bread Of Life Development Ministries Inc is above average for NTEE category P60 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bread Of Life Development Ministries Inc located?
Bread Of Life Development Ministries Inc is headquartered in Conyers, Georgia and files with the IRS under EIN 208369872. It is classified under NTEE code P60.
How many years of IRS 990 filings does Bread Of Life Development Ministries Inc have?
Bread Of Life Development Ministries Inc has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.8M in total revenue.
Is Bread Of Life Development Ministries Inc financially stable given recent operating deficits?
While the organization has experienced operating deficits in 2023 ($96,598) and 2022 ($382,403), its assets have grown substantially to $1,578,743 in 2023, indicating a capacity to absorb short-term deficits, though sustained deficits could pose a risk.
How has the organization managed to grow its assets so significantly?
Assets have grown from $70,160 in 2019 to $1,578,743 in 2023, likely due to a combination of successful fundraising, grants, and potentially capital investments, especially given the revenue growth from $832,591 to $3,452,123 over the same period.
What is the nature of the increasing liabilities?
Liabilities have increased from $66,099 in 2019 to $1,480,707 in 2023. Without more detailed financial statements, it's difficult to pinpoint the exact nature, but they could include program-related payables, deferred revenue, or debt taken on for expansion.
Filing History
IRS 990 filing history for Bread Of Life Development Ministries Inc showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2010–2023), Bread Of Life Development Ministries Inc's revenue has grown by 2149.2%, moving from $153K to $3.5M. Total assets increased by 6537.8% over the same period, from $24K to $1.6M. Total functional expenses rose by 2404.5%, from $142K to $3.5M. In its most recent filing year (2023), Bread Of Life Development Ministries Inc reported a deficit of $97K, with expenses exceeding revenue. The organization holds $1.5M in liabilities against $1.6M in assets (debt-to-asset ratio: 93.8%), resulting in net assets of $98K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.5M | $3.5M | $1.6M | $1.5M | — | — |
| 2022 | $3.7M | $4.1M | $1.9M | $1.7M | — | View 990 |
| 2021 | $3.9M | $3.9M | $1.9M | $1.3M | — | View 990 |
| 2020 | $2.5M | $1.9M | $974K | $406K | — | View 990 |
| 2019 | $833K | $865K | $70K | $66K | — | View 990 |
| 2018 | $906K | $923K | $73K | $37K | — | View 990 |
| 2017 | $729K | $925K | $17K | $17K | — | View 990 |
| 2016 | $626K | $713K | $50K | $167K | — | View 990 |
| 2015 | $637K | $638K | $74K | $176K | — | View 990 |
| 2014 | $682K | $740K | $137K | $186K | — | View 990 |
| 2013 | $784K | $791K | $41K | $84K | — | View 990 |
| 2012 | $419K | $471K | $5K | $47K | — | View 990 |
| 2011 | $276K | $266K | $33K | $12K | — | View 990 |
| 2010 | $153K | $142K | $24K | $12K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.5M, expenses of $3.5M, and assets of $1.6M (revenue -6.9% year-over-year).
- 2022: Revenue of $3.7M, expenses of $4.1M, and assets of $1.9M (revenue -4.9% year-over-year).
- 2021: Revenue of $3.9M, expenses of $3.9M, and assets of $1.9M (revenue +56.7% year-over-year).
- 2020: Revenue of $2.5M, expenses of $1.9M, and assets of $974K (revenue +198.8% year-over-year).
- 2019: Revenue of $833K, expenses of $865K, and assets of $70K (revenue -8.1% year-over-year).
- 2018: Revenue of $906K, expenses of $923K, and assets of $73K (revenue +24.2% year-over-year).
- 2017: Revenue of $729K, expenses of $925K, and assets of $17K (revenue +16.5% year-over-year).
- 2016: Revenue of $626K, expenses of $713K, and assets of $50K (revenue -1.7% year-over-year).
- 2015: Revenue of $637K, expenses of $638K, and assets of $74K (revenue -6.6% year-over-year).
- 2014: Revenue of $682K, expenses of $740K, and assets of $137K (revenue -13.0% year-over-year).
- 2013: Revenue of $784K, expenses of $791K, and assets of $41K (revenue +87.1% year-over-year).
- 2012: Revenue of $419K, expenses of $471K, and assets of $5K (revenue +51.8% year-over-year).
- 2011: Revenue of $276K, expenses of $266K, and assets of $33K (revenue +79.8% year-over-year).
- 2010: Revenue of $153K, expenses of $142K, and assets of $24K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bread Of Life Development Ministries Inc:
Data Sources and Methodology
This transparency report for Bread Of Life Development Ministries Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.