Our Daily Bread Inc
Our Daily Bread Inc. consistently maintains strong assets and zero executive compensation.
EIN: 202925233 · Spring City, TN · NTEE: P29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $106K |
| Total Expenses | $89K |
| Program Spending | 90% |
| Net Assets | $485K |
| Transparency Score | 95/100 |
Is Our Daily Bread Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Our Daily Bread Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Our Daily Bread Inc
Our Daily Bread Inc (EIN: 202925233) is a nonprofit organization based in Spring City, TN, classified under NTEE code P29. The organization reported total revenue of $106K and total assets of $488K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Our Daily Bread Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Our Daily Bread Inc is a small nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -1.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $92K |
| Total Expenses | $89K |
| Surplus / Deficit | +$3K |
| Total Assets | $485K |
| Net Assets | $485K |
| Operating Margin | 3.4% |
| Months of Reserves | 65.2 months |
Financial Health Grade: A
In 2023, Our Daily Bread Inc reported a surplus of $3K with revenue exceeding expenses, holds 65.2 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), Our Daily Bread Inc's revenue has declined at a compound annual growth rate (CAGR) of -1.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -5.8% | +8.2% | +0.7% |
| 2022 | +0.2% | +28.0% | +3.3% |
| 2021 | +45.3% | -7.4% | +7.7% |
| 2020 | -38.9% | -29.7% | -0.5% |
| 2019 | +2.4% | -7.8% | +0.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
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 Our Daily Bread Inc with a Mission Score of 95 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: 5%
- programs: 90%
- fundraising: 5%
According to IRS 990 filings, Our Daily Bread Inc allocates its expenses as follows: admin: 5%, programs: 90%, fundraising: 5%. With 90% 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 surplus of $3K, with revenue exceeding expenses.
Executive Compensation Analysis
Our Daily Bread Inc. consistently reports 0% officer compensation across all 13 available filings, indicating that no salaries are paid to its executives. This suggests a highly volunteer-driven leadership or a very lean operational structure, directing more resources towards its mission.
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.
Strengths
The following positive indicators were identified for Our Daily Bread Inc:
- Consistent reporting of 0% officer compensation across all filings, indicating high program focus.
- Strong asset base ($487,806 latest) significantly exceeding annual expenses, providing financial stability.
- Zero liabilities reported in recent years (2019-2023), indicating excellent financial health and no debt burden.
- Long and consistent IRS 990 filing history (13 filings), demonstrating commitment to transparency.
- Sustainable operations with revenues generally covering expenses over the past decade.
Frequently Asked Questions about Our Daily Bread Inc
Is Our Daily Bread Inc a legitimate charity?
Our Daily Bread Inc (EIN: 202925233) is a registered tax-exempt nonprofit based in Tennessee. Our AI analysis gives it a Mission Score of 95/100. It has 13 years of IRS 990 filings on record. Total revenue: $106K. No red flags identified. 5 strengths noted. Financial health grade: A.
How does Our Daily Bread Inc spend its money?
Our Daily Bread Inc directs 90% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Our Daily Bread Inc tax-deductible?
Our Daily Bread Inc is registered as a tax-exempt nonprofit (EIN: 202925233). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Our Daily Bread Inc's spending goes to programs?
Our Daily Bread Inc directs 90% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Our Daily Bread Inc compare to similar nonprofits?
With a transparency score of 95/100 (Excellent), Our Daily Bread Inc is above average for NTEE category P29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Our Daily Bread Inc located?
Our Daily Bread Inc is headquartered in Spring City, Tennessee and files with the IRS under EIN 202925233. It is classified under NTEE code P29.
How many years of IRS 990 filings does Our Daily Bread Inc have?
Our Daily Bread Inc 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 $106K in total revenue.
Is Our Daily Bread Inc. a good charity?
Based on the provided financial data, Our Daily Bread Inc. appears to be a very good charity. It demonstrates strong financial health with substantial assets ($484,711 in 2023) relative to its revenue ($92,389), consistently reports zero liabilities in recent years, and most notably, pays no compensation to its officers, suggesting a high dedication of resources to its mission.
How does Our Daily Bread Inc. manage its finances?
The organization manages its finances prudently, consistently maintaining a healthy asset base (e.g., $484,711 in 2023) that significantly exceeds its annual expenses. It has also successfully operated with zero liabilities for several years, indicating a strong financial position and responsible debt management. Revenue and expenses have remained relatively stable over the past decade, showing consistent operations.
What is the trend in Our Daily Bread Inc.'s revenue and expenses?
Our Daily Bread Inc.'s revenue has generally fluctuated around $100,000 annually over the past decade, with a high of $110,152 in 2019 and a low of $67,324 in 2020. Expenses have largely followed a similar trend, typically staying below or close to revenue, indicating sustainable operations. For example, in 2023, revenue was $92,389 and expenses were $89,258.
Filing History
IRS 990 filing history for Our Daily Bread Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Our Daily Bread Inc's revenue has declined by 15.1%, moving from $109K to $92K. Total assets increased by 5.8% over the same period, from $458K to $485K. Total functional expenses fell by 1.7%, from $91K to $89K. In its most recent filing year (2023), Our Daily Bread Inc reported a surplus of $3K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $92K | $89K | $485K | $0 | — | — |
| 2022 | $98K | $83K | $482K | $0 | — | View 990 |
| 2021 | $98K | $64K | $466K | $0 | — | View 990 |
| 2020 | $67K | $70K | $433K | $0 | — | View 990 |
| 2019 | $110K | $99K | $435K | $0 | — | View 990 |
| 2018 | $108K | $107K | $432K | $9K | — | View 990 |
| 2017 | $102K | $106K | $437K | $14K | — | View 990 |
| 2016 | $95K | $125K | $449K | $22K | — | View 990 |
| 2015 | $106K | $98K | $457K | $0 | — | View 990 |
| 2014 | $103K | $122K | $449K | $0 | — | View 990 |
| 2013 | $111K | $101K | $468K | $0 | — | View 990 |
| 2012 | $113K | $113K | $459K | $0 | — | View 990 |
| 2011 | $109K | $91K | $458K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $92K, expenses of $89K, and assets of $485K (revenue -5.8% year-over-year).
- 2022: Revenue of $98K, expenses of $83K, and assets of $482K (revenue +0.2% year-over-year).
- 2021: Revenue of $98K, expenses of $64K, and assets of $466K (revenue +45.3% year-over-year).
- 2020: Revenue of $67K, expenses of $70K, and assets of $433K (revenue -38.9% year-over-year).
- 2019: Revenue of $110K, expenses of $99K, and assets of $435K (revenue +2.4% year-over-year).
- 2018: Revenue of $108K, expenses of $107K, and assets of $432K (revenue +5.1% year-over-year).
- 2017: Revenue of $102K, expenses of $106K, and assets of $437K (revenue +7.4% year-over-year).
- 2016: Revenue of $95K, expenses of $125K, and assets of $449K (revenue -10.2% year-over-year).
- 2015: Revenue of $106K, expenses of $98K, and assets of $457K (revenue +3.1% year-over-year).
- 2014: Revenue of $103K, expenses of $122K, and assets of $449K (revenue -7.2% year-over-year).
- 2013: Revenue of $111K, expenses of $101K, and assets of $468K (revenue -2.0% year-over-year).
- 2012: Revenue of $113K, expenses of $113K, and assets of $459K (revenue +4.0% year-over-year).
- 2011: Revenue of $109K, expenses of $91K, and assets of $458K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Our Daily Bread Inc:
Data Sources and Methodology
This transparency report for Our Daily Bread 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.