Bridge of Hope Centre County

Analysis

Bridge of Hope Centre County is a registered charity in United States, based in State College, PA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending March 2024, Bridge of Hope Centre County reported income of $116k and spending of $46k, leaving 61% of income unspent that year. Across the 2 years on record, from March 2023 to March 2024, income grew from $56k to $116k (+108%), an average of +108% a year. The sharpest change came in the year to March 2024, when income rose by 108%. Over the whole period it spent 53% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge of Hope Centre County sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 39th percentile within PA. Charities of a similar size with the same main cause include Vida Foundation USA ($116k), Love Foundation Corp ($116k) and Shimmering Wings Inc ($116k).

On its Form 990-EZ for the period ending March 2024, revenue came from contributions and grants 81% of the total. At year end it held assets of $164k against liabilities of $0, net assets of $164k.