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Top Rated

Bread for the World Institute

CharityWatch report issued
October 2020

Top-Rated Charity
A
CharityWatch Grade
Our independent grade based
on a number of factors.
 
87%
Program Percentage
Amount spent on programs
relative to overhead.
 
$12
Cost to Raise $100
Amount spent to raise
$100 of contributions.

Contact Information

Bread for the World Institute
425 3rd Street SW
Suite 1200
Washington, DC 20024

Other Names

None

Tax Status

501(c)3

Website

www.bread.org

Stated Mission

To provide analysis and education on hunger issues in the U.S. and around the world.

View similar charities
Data based on Fiscal Year Ended 12/31/2019

Program Percentage: 87%

The percentage of Bread for the World Institute's cash budget it spends on programs relative to overhead (fundraising, management, and general expenses).

$8,200,000

Calculated Total Expenses

(rounded)

 

Cost to Raise $100: $12

How many dollars Bread for the World Institute spends on fundraising to raise each $100 of contributions.

$6,300,000

Calculated Total Contributions

(rounded)

Joint Costs

Bread for the World Institute's rating was adjusted for Joint Costs. If you are a donor who considers direct mail, telemarketing, and other Joint Cost solicitations to be true charitable programs, the below efficiency ratios, which were not adjusted for joint costs, may better reflect your goals.

Program % Cost to Raise $100
90% $8
Accounting rules allow charities to report some telemarketing, direct mail, and other solicitation costs as Program expenses. CharityWatch believes that most donors do not consider a charity's solicitation activities to be the Programs they are intending to support with their donations. We therefore adjust such expenses out of a charity's reported Program expense and add it to Fundraising expense prior to calculating its rating.

Government Funding

0% to 24%

Percentage of cash revenue
coming from government sources

 

Financial Documents

Entity Document Type Tax ID
Bread for the World Institute IRS Form 990 51-0175510
Bread for the World & Affiliate Audited Consolidated Financial Statements Multiple
Entity: Bread for the World Institute
Document Type: IRS Form 990
Tax ID: 51-0175510
Entity: Bread for the World & Affiliate
Document Type: Audited Consolidated Financial Statements
Tax ID: Multiple

Governance & Transparency

CharityWatch evaluates certain criteria related to a charity's Governance and Transparency. Donors may want to consider a charity's willingness to be open and transparent with CharityWatch to be a good litmus test for determining its commitment to public accountability.
This charity is Top-Rated
What does it mean to be Top-Rated?
 
Bread for the World Institute
meets governance benchmarks.
 
Bread for the World Institute
meets transparency benchmarks.
Transparency
Provides Financial Information
Audit Accessibility
Governance: Policies
Reports regularly & consistently monitoring & enforcing compliance with a written Conflict of Interest Policy
Reports required, annual disclosure by officers, directors, and key staff of interests that could give rise to conflicts
Reports having a written Whistleblower Policy
Reports having a written Document Retention and Destruction Policy
Governance: Financials
Reports providing copy of tax form to all board members prior to filing it with IRS
Reports that financial statements were audited by an independent accountant
Governance: Board of Directors
Reports at least 5 voting board members
51% or more of voting board members reported as independent
Reports documenting minutes of board and board committee meetings
Privacy Policy
Privacy Policy

  Name Title Compensation
1 David M. Beckmann President $249,426
2 Michele Sumilas Managing Director $239,966
3 Delma Plummer VP of Finance $216,102
1
Name: David M. Beckmann
Title: President
Compensation: $249,426
2
Name: Michele Sumilas
Title: Managing Director
Compensation: $239,966
3
Name: Delma Plummer
Title: VP of Finance
Compensation: $216,102

CharityWatch Analysts perform an in-depth analysis of charities' audited financial statements and IRS tax filings, and often review other documents such as state filings, annual reports, and fundraising contracts during their evaluations. Below are select notes that CharityWatch believes may be of interest to donors.

CharityWatch's rating of Bread for the World Institute is for the 501(c)(3) public charity (tax ID #51-0175510).

CharityWatch issues a separate rating for the Institute's related 501(c)(4) tax-exempt, social welfare organization, Bread for the World (tax ID #13-2803276).


According to the Bread for the World consolidated audit of December 31, 2019 (Note 2 re: Principles of Consolidation):

"The accompanying [audited] consolidated financial statements include the account balances of Bread [for the World] and the [Bread for the World] Institute (collectively, 'the Organization'). Bread and the Institute have separate and distinct governance structures that share the same volunteers who serve as members on both Boards of Directors. Bread and the Institute also share common facilities and personnel and have been consolidated due to the presence of common control and economic interest, as required under accounting principles generally accepted in the United States of America. All significant intercompany transactions and balances have been eliminated in [the audit] consolidation."


CharityWatch separates the ratings for 501(c)(3) & 501(c)(4) organizations, even if their financial activities are included together in a consolidated audit, due to their differing tax treatment under the IRS tax code. For more information on this topic, please see our sections on Types of Non-Profits and Tax Status, which can be found on the Our Process page.

For more information about things to consider when donating to organizations that have related public charity and social welfare entities, read "Sorting Out Nonprofit Pairs" in the Articles & Alerts section, below.

According to the Bread for the World consolidated audit of December 31, 2019 (Note 12, Related Party):

"The Organization shares its premises and some administrative and program personnel with the Alliance to End Hunger ('the Alliance'), an organization that is exempt from income tax under Internal Revenue Code (IRC) Section 501(c)(3). Costs are allocated between the entities based on actual expenses incurred and an overhead allocation, as described in the shared services agreement between the organizations. As of December 31, 2019, the Organization has a receivable from the Alliance in the amount of $308,787 under this agreement..."

According to the Bread for the World consolidated audit of December 31, 2019 (Note 2 re: Subsequent Events):

"The extent of the impact of COVID-19 on the Organization's operational and financial performance will depend on certain developments, including the duration and spread of the outbreak and impact on the donors, employees, and vendors, all which are uncertain and cannot be predicted. At this point, the extent to which COVID-19 may impact the Organization's financial condition or results of operations is uncertain."


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