Overview
What is Bread Inc?
Bread Inc is a notable nonprofit organization situated in Washington D.C., specifically at 1525 7th Street NW, with a primary goal of financially supporting Bread for the City Inc (BFC). Bread Inc accomplishes this mission by raising, managing, and distributing funds, enabling BFC to continue offering comprehensive services such as food, clothing, medical care, legal, and social services to vulnerable residents of Washington, DC. Their operations are conducted with dignity and respect for the individuals they serve.
What are the reviews and ratings of this charity?
Charity Navigator Rating: One-Star out of Four Stars (54%)
Bread Inc has received a One-Star rating from Charity Navigator, indicating significant concerns regarding its financial management and operational practices. The organization scores particularly low in its Program Expense Ratio, which is recorded at 0.00%, meaning it spends no funds on its stated programs, raising questions about its effectiveness in fulfilling its mission.
Despite the low overall rating, Bread Inc does show some strengths in governance. The charity benefits from a fully independent board with a total of 10 members, and it has established various policies, including a conflict of interest policy and a whistleblower policy, which are all adequately documented. However, the high liabilities to assets ratio of 84.20% further highlights financial instability.
Overall, while Bread Inc has some positive attributes related to governance and accountability, its financial performance and lack of program expenditures are significant limitations that potential donors should consider before contributing.
This AI summary has been generated from information found on Charity Navigator.
Is Bread Inc legitimate?
Bread Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Bread Inc submitted a form 990, which is a tax form used by tax-exempt organizations in the U.S., indicating its operational transparency and adherence to regulatory requirements. Donations to this organization are tax deductible.
Heare are some key statistics you may want to consider:
Executive Compensation: $0
Professional Fundraising Fees: $0
Other Salaries and Wages: $0
For more financial information, click here
What is the mission statement of Bread Inc?
Bread Inc, as an organization, is committed to providing financial support by collecting, managing, and distributing funds on behalf of Bread for the City, Inc. This financial assistance enables Bread for the City to continue offering comprehensive services to vulnerable residents of Washington D.C., including food, clothing, medical care, legal, and social services. These services are offered in an atmosphere that upholds dignity and respect.
Who is the CEO of Bread Inc?
George Jones is the Bread For Ci of Bread Inc.
What is the revenue of Bread Inc?
Bread Inc's revenue in 2022 was $132,757.
Who are the executives of Bread Inc and what are their salaries?
Here are 32 key members and their salaries:
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Where can I find the form 990 for Bread Inc?
Bread Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Mission Statement of Bread Inc
Bread Inc, an organization dedicated to financial support, works tirelessly to raise, manage, and distribute funds on behalf of Bread for the City, Inc. (BFC). This mission is aimed at empowering BFC to continue providing comprehensive services to vulnerable residents of Washington, D.C. These services encompass essentials such as food, clothing, medical care, legal aid, and social services. Bread Inc operates in an environment that upholds dignity and respect, ensuring that those in need can access these vital resources. By providing financial support, Bread Inc enables BFC to continue its mission of uplifting the community and offering a supportive network to those who require it most.
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Impact
October, 2024
Bread Inc plays a vital role in supporting vulnerable residents of Washington, DC through its financial management and fundraising efforts. By raising, managing, and distributing funds for Bread for the City, Inc. (BFC), Bread Inc ensures that BFC can deliver comprehensive services to those in need. This support includes essential provisions such as food, clothing, medical care, legal assistance, and social services, all administered in an atmosphere of dignity and respect. Through its commitment to philanthropy, Bread Inc directly contributes to improving the quality of life for individuals and families facing hardships, enabling them to access the resources they need to thrive.
This information is meant to be a general summary of Bread Inc. Please take the time to review official sources before making any decisions based upon the content provided here.
Financials
This financial information is from Propublica.
Other financial information:
This information is from the most recently submitted tax form from this organization, which was in 2022.
- Investment Income: $1,930
- Gross Receipts: $132,757
Assets and Liabilities:
- Total Assets: $28,985,208
- Total Liabilities: $23,869,186
- Net Assets: $5,116,022
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Organization Details
Founding Year
2008
Phone
(202) 265-2400Principal Officer
George Jones
Main Address
1525 7TH STREET NW, WASHINGTON, DC, 20001
NTEE Category
Code: T11 - Philanthropy
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