Hot Bread Kitchen Ltd
EIN: 263332972 · New York, NY · NTEE: P50
| Metric | Value |
|---|---|
| Total Revenue | $9.9M |
| Total Expenses | $7.4M |
| Net Assets | $12.7M |
Is Hot Bread Kitchen Ltd Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Hot Bread Kitchen Ltd
Hot Bread Kitchen Ltd (EIN: 263332972) is a nonprofit organization based in New York, NY, classified under NTEE code P50. The organization reported total revenue of $9.9M and total assets of $13.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hot Bread Kitchen Ltd's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Hot Bread Kitchen Ltd is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $11.3M |
| Total Expenses | $7.4M |
| Surplus / Deficit | +$3.9M |
| Total Assets | $13.0M |
| Total Liabilities | $317K |
| Net Assets | $12.7M |
| Operating Margin | 34.2% |
| Debt-to-Asset Ratio | 2.4% |
| Months of Reserves | 21.1 months |
Financial Health Grade: A
In 2023, Hot Bread Kitchen Ltd reported a surplus of $3.9M with revenue exceeding expenses, holds 21.1 months of operating reserves (strong position), has a debt-to-asset ratio of 2.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Hot Bread Kitchen Ltd's revenue has grown at a compound annual growth rate (CAGR) of 21.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +311.2% | +83.7% | +44.6% |
| 2022 | -46.8% | +9.6% | +1.5% |
| 2021 | -29.5% | -15.4% | +36.9% |
| 2020 | +69.3% | -5.8% | +120.0% |
| 2019 | -21.6% | -13.6% | -12.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Hot Bread Kitchen Ltd 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 Hot Bread Kitchen Ltd 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 surplus of $3.9M, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.4%.
Frequently Asked Questions about Hot Bread Kitchen Ltd
Is Hot Bread Kitchen Ltd a legitimate charity?
Hot Bread Kitchen Ltd (EIN: 263332972) is a registered tax-exempt nonprofit based in New York. It has 13 years of IRS 990 filings on record. Total revenue: $9.9M. No red flags identified. Financial health grade: A.
How does Hot Bread Kitchen Ltd spend its money?
Hot Bread Kitchen Ltd reported $9.9M in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to Hot Bread Kitchen Ltd tax-deductible?
Hot Bread Kitchen Ltd is registered as a tax-exempt nonprofit (EIN: 263332972). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Hot Bread Kitchen Ltd located?
Hot Bread Kitchen Ltd is headquartered in New York, New York and files with the IRS under EIN 263332972. It is classified under NTEE code P50.
How many years of IRS 990 filings does Hot Bread Kitchen Ltd have?
Hot Bread Kitchen Ltd has 13 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 $9.9M in total revenue.
Filing History
IRS 990 filing history for Hot Bread Kitchen Ltd showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Hot Bread Kitchen Ltd's revenue has grown by 906.4%, moving from $1.1M to $11.3M. Total assets increased by 1769% over the same period, from $697K to $13.0M. Total functional expenses rose by 557.5%, from $1.1M to $7.4M. In its most recent filing year (2023), Hot Bread Kitchen Ltd reported a surplus of $3.9M, with revenue exceeding expenses. The organization holds $317K in liabilities against $13.0M in assets (debt-to-asset ratio: 2.4%), resulting in net assets of $12.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $11.3M | $7.4M | $13.0M | $317K | — | — |
| 2022 | $2.7M | $4.0M | $9.0M | $195K | — | View 990 |
| 2021 | $5.2M | $3.7M | $8.9M | $180K | — | View 990 |
| 2020 | $7.3M | $4.4M | $6.5M | $995K | — | View 990 |
| 2019 | $4.3M | $4.6M | $2.9M | $414K | — | View 990 |
| 2018 | $5.5M | $5.3M | $3.4M | $542K | — | View 990 |
| 2017 | $5.3M | $4.4M | $3.2M | $510K | — | — |
| 2016 | $4.3M | $4.2M | $2.4M | $573K | — | View 990 |
| 2015 | $4.6M | $3.8M | $2.3M | $592K | — | View 990 |
| 2014 | $3.1M | $2.9M | $1.2M | $319K | — | View 990 |
| 2013 | $2.8M | $2.7M | $1.1M | $356K | — | View 990 |
| 2012 | $2.3M | $2.0M | $1.0M | $405K | — | View 990 |
| 2011 | $1.1M | $1.1M | $697K | $310K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $11.3M, expenses of $7.4M, and assets of $13.0M (revenue +311.2% year-over-year).
- 2022: Revenue of $2.7M, expenses of $4.0M, and assets of $9.0M (revenue -46.8% year-over-year).
- 2021: Revenue of $5.2M, expenses of $3.7M, and assets of $8.9M (revenue -29.5% year-over-year).
- 2020: Revenue of $7.3M, expenses of $4.4M, and assets of $6.5M (revenue +69.3% year-over-year).
- 2019: Revenue of $4.3M, expenses of $4.6M, and assets of $2.9M (revenue -21.6% year-over-year).
- 2018: Revenue of $5.5M, expenses of $5.3M, and assets of $3.4M (revenue +4.9% year-over-year).
- 2017: Revenue of $5.3M, expenses of $4.4M, and assets of $3.2M (revenue +23.4% year-over-year).
- 2016: Revenue of $4.3M, expenses of $4.2M, and assets of $2.4M (revenue -7.1% year-over-year).
- 2015: Revenue of $4.6M, expenses of $3.8M, and assets of $2.3M (revenue +48.6% year-over-year).
- 2014: Revenue of $3.1M, expenses of $2.9M, and assets of $1.2M (revenue +9.9% year-over-year).
- 2013: Revenue of $2.8M, expenses of $2.7M, and assets of $1.1M (revenue +24.5% year-over-year).
- 2012: Revenue of $2.3M, expenses of $2.0M, and assets of $1.0M (revenue +101.2% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.1M, and assets of $697K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Hot Bread Kitchen Ltd:
Data Sources and Methodology
This transparency report for Hot Bread Kitchen Ltd 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.