Overview
What is Daily Bread Ministries Inc?
Daily Bread Ministries Inc, based in San Antonio, Texas, is a nonprofit organization committed to addressing poverty. In 2022 alone, they distributed over 8.1 million dollars' worth of food and served a total of 69,936 individuals through various community and ministry partners. Moreover, Daily Bread Ministries witnessed 1,861 salvations and provided training in poverty alleviation to 104 pastors and ministry leaders. Their primary mission is to equip faith-based organizations with resources to operate food pantries and provide training addressing the root causes of poverty. Their work aims to lift people out of poverty, providing free food and resources to those in need. In summary, Daily Bread Ministries Inc is a dedicated nonprofit organization that provides essential resources, including food and poverty alleviation training, to faith-based organizations. Their goal is to equip these organizations to combat poverty and improve the lives of those in need.
Official website here: www.dailybreadministries.org
What are the reviews and ratings of this charity?
**Rating: 93% (Four-Star out of Four Star rating on Charity Navigator)**
Daily Bread Ministries Inc has achieved an impressive 93% rating from Charity Navigator, signifying strong performance in accountability and financial health. The organization boasts a perfect score for having an entirely independent board and demonstrates responsible financial practices, including no reported material diversions of assets. Notably, a significant percentage (96.72%) of its expenses are directed toward its programs, underscoring its dedication to its mission of food distribution.
The nonprofit excels in impact measurement, receiving full credit for both impact evaluation and constituent feedback practices. This reflects its commitment to understanding and addressing community needs effectively, complemented by a robust leadership adaptability strategy. However, there are areas for improvement, particularly concerning fundraising efficiency, where the cost per dollar raised is notably high.
User reviews from GreatNonprofits are currently unavailable, suggesting further exploration may be needed for community-driven insights. Overall, Daily Bread Ministries Inc stands out as a financially responsible and impactful organization in its food distribution efforts.
This AI summary has been generated from information found on Charity Navigator.
Is Daily Bread Ministries Inc legitimate?
Daily Bread Ministries Inc is a legitimate nonprofit organization registered as a 501(c)(3) entity. Daily Bread Ministries 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: $86,706
Professional Fundraising Fees: $0
Other Salaries and Wages: $226,773
For more financial information, click here
Official website here: www.dailybreadministries.org
What is the mission statement of Daily Bread Ministries Inc?
Daily Bread Ministries Inc's mission is centered around providing assistance to faith-based organizations aiming to uplift individuals out of poverty. The organization's primary objective is to equip these faith-based entities with necessary resources, enabling them to operate food pantries and implement poverty alleviation programs that tackle the root causes of poverty. In 2022, Daily Bread Ministries distributed over 8.1 million dollars' worth of food and served approximately 69,936 individuals through various community and ministry partners. Additionally, the ministry witnessed 1,861 salvations and provided training in poverty alleviation to 104 pastors and ministry leaders.
Official website here: www.dailybreadministries.org
Who is the CEO of Daily Bread Ministries Inc?
Marcus Walker is the Executive Dir. of Daily Bread Ministries Inc.
Official website here: www.dailybreadministries.org
What is the revenue of Daily Bread Ministries Inc?
Daily Bread Ministries Inc's revenue in 2022 was $9,736,410.
Official website here: www.dailybreadministries.org
Who are the executives of Daily Bread Ministries Inc and what are their salaries?
The average compensation at Daily Bread Ministries Inc during 2022 was $24,114. There are 13 employees and 263 volunteers at Daily Bread Ministries Inc.
Here are 8 key members and their salaries:
- Compensation: $83,040
- Related: $0
- Other: $3,667
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
- Compensation: $0
- Related: $0
- Other: $0
Official website here: www.dailybreadministries.org
Where can I find the form 990 for Daily Bread Ministries Inc?
Daily Bread Ministries Inc's most recent form 990 was submitted in 2022 and can be accessed here.
Official website here: www.dailybreadministries.org
Learn more at the official website: www.dailybreadministries.org
Mission Statement of Daily Bread Ministries Inc
Daily Bread Ministries Inc, a nonprofit organization, is committed to providing a twofold service. Their primary mission is to aid faith-based organizations in their quest to alleviate poverty. They accomplish this by offering them resources to establish and maintain food pantries, as well as providing training that delves into the underlying causes of poverty.
In simpler terms, Daily Bread Ministries Inc acts as a support system for faith-based organizations, equipping them with the necessary tools to combat poverty at its source. This is achieved through the distribution of substantial food donations and the provision of comprehensive poverty alleviation training.
In 2022 alone, Daily Bread Ministries Inc distributed over 8.1 million dollars worth of food and served a substantial number of 69,936 individuals through their network of community and ministry partners. Furthermore, the organization witnessed 1,861 salvations and trained 104 pastors and ministry leaders in the realm of poverty alleviation. Daily Bread Ministries Inc's mission is an essential component in the fight against poverty, empowering faith-based organizations to make a significant impact in their communities.
Shop smarter and support your favorite cause with the Give Freely browser extension. Save money with coupons and donate to charity with a single click. Download now!
Impact
July, 2024
Daily Bread Ministries Inc's impact is inspiring and substantial. In 2022 alone, they gave away over 8.1 million dollars worth of food, benefiting 69,936 individuals through more than 100 community and ministry partners. Beyond just providing food, Daily Bread Ministries Inc's work led to 1861 salvations and trained 104 pastors and ministry leaders in poverty alleviation techniques. Their mission to equip faith-based organizations with resources for operating food pantries and addressing the root causes of poverty is truly making a difference in the lives of many in San Antonio, TX and beyond.
This information is meant to be a general summary of Daily Bread Ministries 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: $12,000
- Gross Receipts: $9,758,801
Assets and Liabilities:
- Total Assets: $5,347,584
- Total Liabilities: $2,240,475
- Net Assets: $3,107,109
Want to help this charity, for free? You can click here to learn more about Give Freely
Organization Details
Founding Year
1997
Phone
(210) 223-4707Principal Officer
Marcus Walker
Main Address
3559 BELGIUM LANE, SAN ANTONIO, TX, 78219
Website
www.dailybreadministries.orgNTEE Category
Code: K30 - Food
If you are a representative of Daily Bread Ministries Inc and wish to learn more about how Give Freely can help you raise funds, please click here: https://givefreely.com/nonprofits/. Our services are offered at no cost to your organization.