Bread Of Life Tabernacle Md
EIN: 821170508 · Silver Spring, MD · NTEE: X21
| Metric | Value |
|---|---|
| Total Revenue | $121K |
| Total Expenses | $84K |
| Net Assets | $68K |
Is Bread Of Life Tabernacle Md Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bread Of Life Tabernacle Md
Bread Of Life Tabernacle Md (EIN: 821170508) is a nonprofit organization based in Silver Spring, MD, classified under NTEE code X21. The organization reported total revenue of $121K and total assets of $107K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bread Of Life Tabernacle Md's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bread Of Life Tabernacle Md is a small nonprofit that has been operating for 8 years, with 4 years of IRS 990 filings on record (2020–2023). Revenue has grown at a compound annual rate of -4.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $76K |
| Total Expenses | $84K |
| Surplus / Deficit | $-7,711 |
| Total Assets | $88K |
| Total Liabilities | $20K |
| Net Assets | $68K |
| Operating Margin | -10.1% |
| Debt-to-Asset Ratio | 22.8% |
| Months of Reserves | 12.6 months |
Financial Health Grade: B
In 2023, Bread Of Life Tabernacle Md reported a deficit of $8K with expenses exceeding revenue, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 22.8% (moderate leverage).
Financial Trends
Over 4 years of filings (2020–2023), Bread Of Life Tabernacle Md's revenue has declined at a compound annual growth rate (CAGR) of -4.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +5.9% | +54.2% | -3.6% |
| 2022 | -36.5% | -44.8% | +10.3% |
| 2021 | +30.7% | +34.9% | +8257600.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 7000 |
| IRS Ruling Date | 2018 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bread Of Life Tabernacle Md has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bread Of Life Tabernacle Md with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $8K, with expenses exceeding revenue.
- Debt-to-asset ratio: 22.8%.
Frequently Asked Questions about Bread Of Life Tabernacle Md
Is Bread Of Life Tabernacle Md a legitimate charity?
Bread Of Life Tabernacle Md (EIN: 821170508) is a registered tax-exempt nonprofit based in Maryland. It has 4 years of IRS 990 filings on record. Total revenue: $121K. No red flags identified. Financial health grade: B.
How does Bread Of Life Tabernacle Md spend its money?
Bread Of Life Tabernacle Md reported $121K in total revenue in IRS 990 filings. 4 years of filing data available. Expenses exceeded revenue in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Bread Of Life Tabernacle Md tax-deductible?
Bread Of Life Tabernacle Md is registered as a tax-exempt nonprofit (EIN: 821170508). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bread Of Life Tabernacle Md located?
Bread Of Life Tabernacle Md is headquartered in Silver Spring, Maryland and files with the IRS under EIN 821170508. It is classified under NTEE code X21.
How many years of IRS 990 filings does Bread Of Life Tabernacle Md have?
Bread Of Life Tabernacle Md has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $121K in total revenue.
Filing History
IRS 990 filing history for Bread Of Life Tabernacle Md showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2020–2023), Bread Of Life Tabernacle Md's revenue has declined by 12.1%, moving from $86K to $76K. Total assets increased by 8782200% over the same period, from $1 to $88K. Total functional expenses rose by 14.8%, from $73K to $84K. In its most recent filing year (2023), Bread Of Life Tabernacle Md reported a deficit of $8K, with expenses exceeding revenue. The organization holds $20K in liabilities against $88K in assets (debt-to-asset ratio: 22.8%), resulting in net assets of $68K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $76K | $84K | $88K | $20K | — | — |
| 2022 | $72K | $54K | $91K | $16K | — | — |
| 2021 | $113K | $98K | $83K | $25K | — | — |
| 2020 | $86K | $73K | $1 | $0 | — | — |
Year-by-Year Financial Summary
- 2023: Revenue of $76K, expenses of $84K, and assets of $88K (revenue +5.9% year-over-year).
- 2022: Revenue of $72K, expenses of $54K, and assets of $91K (revenue -36.5% year-over-year).
- 2021: Revenue of $113K, expenses of $98K, and assets of $83K (revenue +30.7% year-over-year).
- 2020: Revenue of $86K, expenses of $73K, and assets of $1.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bread Of Life Tabernacle Md:
Data Sources and Methodology
This transparency report for Bread Of Life Tabernacle Md 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.