Hot Bread Kitchen Ltd
Public records show a registered, tax-exempt organization in good standing.
What it says it does
HOT BREAD KITCHEN CREATES ECONOMIC OPPORTUNITY THROUGH CULINARY JOB SKILLS TRAINING AND PLACEMENT, FOOD ENTREPRENEURSHIP, AND AN ECOSYSTEM OF SUPPORT FOR INDIVIDUALS WHO FACE BARRIERS TO MEANINGFUL CAREERS.
- Income
- $8.4 million
- Spending
- $8.2 million
- Spent on programs
- 77%
- Reserves
- 9.6 months of spending
- Largest source of income
- donations and private grants, 76%
- Employees
- 86
- Volunteers
- 250
- Highest pay
- $252,637, chief executive officer
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Financial health
Good: 78 out of 100. Higher than 58% of charities in its peer group (human services, $1m to $10m).
Reserves
28 of 35Spendable reserves would cover 9.6 months of spending.
Debt
20 of 20It owes 2% of what it owns.
Living within its means
15 of 15Income exceeded spending by 3% of income.
Income trend
0 of 15Income fell 25% on the year before.
Spending floor
15 of 1577% of spending went to programs and raising each dollar of donations cost 11 cents.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Governance
Strong: 100 out of 100. Higher than 65% of charities in its peer group (human services, $1m to $10m).
Independent board
25 of 2517 of 17 voting board members are independent.
Conflict of interest policy
15 of 15Has a written conflict of interest policy.
Whistleblower policy
8 of 8Has a written whistleblower policy.
Record keeping policy
7 of 7Has a written policy on keeping and destroying records.
Board minutes
5 of 5Keeps minutes of board meetings.
Board sees the tax return
10 of 10Gave the board a copy of this return before filing it.
Pay set independently
5 of 5Sets its chief executive's pay through independent review and comparison.
Independent check of accounts
15 of 15Its accounts were audited by an independent accountant.
No reported misuse
10 of 10Reports no diversion of assets, excess benefits or loans to insiders.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Impact evidence
Describes programs. Its tax return describes what it does but we have found no measurable results in it.
Programs described in its return (3)
- $961,020 spent. CULINARY WORKFORCE DEVELOPMENTHOT BREAD KITCHEN'S CULINARY WORKFORCE DEVELOPMENT PROGRAMS PROVIDE MEMBERS WITH JOB SKILLS TRAINING AND CUSTOMIZED JOB PLACEMENT, OPENING PATHWAYS TO CAREERS IN THE FOOD INDUSTRY. IN 2024, WE ENROLLED 543 BREADWINNERS IN OUR WORKFORCE DEVELOPMENT PROGRAMS, INCLUDING OUR ENTRY LEVEL TRAINING PROGRAMS, CULINARY FUNDAMENTALS AND CULINARY CAREER PATHWAYS FOR NEW NEW YORKERS, AND IN OUR UPSKILLING PROGRAMS, FIRST COURSE NYC AND FRONT OF HOUSE TRAINING.OUR SIGNATURE PROGRAM, CULINARY FUNDAMENTALS, PROVIDES MEMBERS WITH 100 HOURS OF TECHNICAL CULINARY TRAINING PROVIDED BY EXPERT CHEF INSTRUCTORS, SUPPLEMENTED BY DAILY PROFESSIONAL READINESS LESSONS, ENGLISH FOR SPEAKERS OF OTHER LANGUAGES CLASSES, CUSTOMIZED CASE MANAGEMENT, FOOD HANDLERS CERTIFICATION, AND WRAPAROUND SUPPORT. LAUNCHED IN 2024, CULINARY CAREER PATHWAYS FOR NEW NEW YORKERS ADAPTS THE CULINARY FUNDAMENTALS CURRICULUM TO PROVIDE URGENTLY-NEEDED PATHWAYS TO EMPLOYMENT FOR ASYLUM SEEKERS AND RECENTLY-ARRIVED MIGRANTS. TO SERVE THIS PARTICULAR POPULATION, OUR NEW NEW YORKERS PROGRAM PROVIDES: 1) PROGRAM STAFF WHO ARE BILINGUAL IN ENGLISH AND SPANISH; 2) ENHANCED ESOL CLASSES, OFFERED FOR THREE HOURS DAILY PRIOR TO CULINARY TRAINING; AND 3) TARGETED AND INCREASED WRAPAROUND SERVICES.OUR UPSKILLING PROGRAMS ENABLE INCUMBENT AND EXPERIENCED FOOD WORKERS TO ACCESS HIGHER WAGES AND PROMOTIONS. FIRST COURSE NYC, OUR INAUGURAL UPSKILLING OFFERING LAUNCHED IN 2023, IS AN ADVANCED RESTAURANT COOK APPRENTICESHIP PROGRAM. LED IN PARTNERSHIP WITH THE NEW YORK CITY DEPARTMENT OF SMALL BUSINESS SERVICES, THIS COURSE INCLUDES EIGHT WEEKS OF CULINARY TRAINING, A SIX-WEEK ON-THE-JOB APPRENTICESHIP, AND PLACEMENT INTO ADVANCED CULINARY ROLES IN FINE DINING RESTAURANTS. IN 2024, HOT BREAD KITCHEN LAUNCHED OUR SECOND UPSKILLING PROGRAM: FRONT OF HOUSE TRAINING. THIS FIVE-WEEK COURSE OFFERS INSTRUCTION IN THE SKILLS AND KNOWLEDGE REQUIRED TO EXCEL IN CUSTOMER-FACING ROLES IN THE FOOD INDUSTRY, WHICH GARNER HIGHER WAGES AND ARE MORE LIKELY TO LEAD TO ADVANCEMENT INTO MANAGERIAL POSITIONS. THE PROGRAM COVERS CUSTOMER SERVICE SKILLS, COMMUNICATION AND CONFLICT RESOLUTION, MENU DESCRIPTION AND UPSELLING, POINT-OF-SALE SYSTEMS, AND PROFESSIONAL READINESS.
- $3.2 million spent. HBK INCUBATES, SMALL BUSINESS PROGRAMHBK INCUBATES, HOT BREAD KITCHEN'S SMALL BUSINESS DEVELOPMENT PROGRAM, SUPPORTS FOOD ENTREPRENEURS TO TRANSFORM THEIR BUSINESS IDEAS INTO SOURCES OF SUSTAINABLE INCOME AND LONG-TERM WEALTH GENERATION. THE PROGRAM OFFERS THREE PILLARS, TAILORED TO THE NEEDS OF SMALL FOOD BUSINESSES AT EVERY STAGE OF GROWTH: SEED IS A SELF-PACED PRE-INCUBATION COURSE, COVERING THE FUNDAMENTALS OF OWNING AND OPERATING A FOOD BUSINESS; START IS AN INCUBATOR PROGRAM FOR FOOD ENTREPRENEURS WHO ARE READY TO TEST THEIR BUSINESS MODEL; SCALE IS AN ACCELERATOR PROGRAM FOR ENTREPRENEURS WHOSE FOOD BUSINESSES ARE POISED FOR GROWTH, WHICH CONNECTS THEM TO CAPITAL PROVIDERS. IN 2024, HBK INCUBATES SERVED 167 ENTREPRENEURS ACROSS ALL THREE PILLARS.
- $2.2 million spent. COMMUNITY ENGAGEMENT & MEMBER SUPPORTCENTRAL TO HOT BREAD KITCHEN'S MISSION IS OFFERING HOLISTIC WRAPAROUND SUPPORT IN TANDEM WITH ALL OF OUR PROGRAMS, TO ENSURE THAT OUR MEMBERS CAN ACCESS COMMUNITY RESOURCES TO INCREASE THEIR WELLNESS, SUPPORT SYSTEMS, AND SAFETY. WE OFFER INDIVIDUALIZED CASE MANAGEMENT, AND REFERRALS WITHIN A NETWORK OF 240+ COMMUNITY PARTNERS FOR FURTHER SERVICES. WE ALSO OFFER DIRECT FINANCIAL ASSISTANCE TO MITIGATE EMERGENCIES THAT MAY PREVENT OUR MEMBERS FROM COMPLETING OUR PROGRAMS OR ACCESSING JOB PLACEMENT. IN 2024, WE PROVIDED OVER $18,000 IN EMERGENCY FUNDING TO OUR MEMBERS TO ADDRESS NEEDS SUCH AS RENTAL ARREARS, CHILDCARE, TRANSPORTATION, FOOD ASSISTANCE, JOB INTERVIEW CLOTHING, AND MORE.
Source: Form 990 for the year ending December 31, 2024, filed with the Internal Revenue Service. Rating method 2026.2. How we rate
Legitimacy checks
Is it registered with the IRS? Passed.
Listed in the IRS master file of tax-exempt organizations as a 501(c)(3) charitable organization.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Has the IRS revoked its tax-exempt status? Passed.
Not on the IRS automatic revocation list.
Source: Automatic revocation of exemption list, Internal Revenue Service, file dated November 6, 2026.
Are donations tax-deductible? Passed.
On the IRS list of organizations eligible to receive tax-deductible contributions.
Source: Publication 78 data: organizations eligible for tax-deductible contributions, Internal Revenue Service, file dated October 13, 2026.
Is it keeping up with its IRS filings? Passed.
Most recent return on file covers the year ending December 2024.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
How long has it been tax-exempt? Passed.
Recognized by the IRS since May 2009.
Source: Exempt Organizations Business Master File, Internal Revenue Service, file dated October 13, 2026.
Is it in good standing with state regulators? Passed.
Not on California's list of charities barred from soliciting. Other states are not yet checked.
Source: May Not Operate or Solicit for Charitable Purposes list, California Attorney General, Registry of Charities and Fundraisers, file dated November 4, 2026.
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