Our Daily Bread Ministries does not meet the following 1 Standards for Charity Accountability:
Standard 17 (Web Site Disclosures)
Include on any charity websites that solicit contributions, the same information that is recommended for annual reports, as well as the mailing address of the charity and electronic access to its most recent IRS Form 990.
ODB not meet this Standard because the organization’s website, https://odb.org/, does not include all of the recommended information for those charity websites that solicit for donations. Specifically, it does not include:
- Access to a complete version of the organization's IRS Form 990 from the year ended March 31, 2021. The version available on its website omits the board and staff list with compensation information.
Our Daily Bread Ministries meets the remaining 19 Standards for Charity Accountability.
Our Daily Bread Ministries (ODB) reports that it helps people connect with God each day. The organization states that it reaches people through online learning opportunities, international ministry offices, and print, video, and audio devotionals and Bible study programs. OBD reports that it offers over 200 online courses in various languages and has offices in 35 countries outside of North America.
For the year ended March 31, 2021, Our Daily Bread Ministries's program expenses were:
Print ministry |
$41,715,436 |
International ministry |
$13,033,886 |
Audio ministry |
$2,725,197 |
Video ministry |
$2,684,471 |
Online learning |
$765,520 |
Total Program Expenses: |
$60,924,510 |
*2022 compensation, as reported by the organization, includes annual salary and, if applicable, benefit plans, expense accounts, and other allowances.
Method(s) Used:
Direct mail appeals, Grant proposals, Internet, Planned giving arrangements, Other
Fundraising costs were 1% of related contributions. (Related contributions, which totaled $67,477,551, are donations received as a result of fundraising activities.)
This organization is tax-exempt under section 501(c) (3) of the Internal Revenue Code.It is eligible to receive contributions deductible as charitable donations for federal income tax purposes.
The following information is based on Our Daily Bread Ministries's audited financial statements for the year ended March 31, 2021.
Source of Funds |
Contributions |
$67,477,551 |
Sales |
$6,915,876 |
Investment income, net |
$6,242,982 |
Other income |
$2,570,955 |
Total Income |
$83,207,364 |
- Programs: 90%
- Administrative: 9%
- Fundraising: Less than 1%
Total Income |
$83,207,364 |
Program expenses |
$60,924,510 |
Fundraising expenses |
$727,919 |
Administrative expenses |
$6,192,528 |
Other expenses |
$0 |
Total expenses: |
$67,844,957 |
Income in Excess of Expenses |
$15,362,407 |
Beginning Net Assets |
$49,942,088 |
Other Changes In Net Assets |
$727,582 |
Ending Net Assets |
$66,032,077 |
Total Liabilities |
$11,774,613 |
Total Assets |
$77,806,690 |
Note: As noted in the above financial section, "other changes in net assets" refers to a foreign currency translation adjustment ($374,352) and net actuarial adjustment of annuity obligcations ($353,230).