Bridgeport Rescue Mission Inc

Analysis

Bridgeport Rescue Mission Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in March 1994, 32 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 June 2023, Bridgeport Rescue Mission Inc reported income of $7.1m and spending of $8.2m, spending 115% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $8.9m to $7.1m (-20%), an average of -5.5% a year. The sharpest change came in the year to June 2022, when income dropped by 23%. Over the whole period it spent 88% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridgeport Rescue Mission Inc sits at the 93rd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within CT. Charities of a similar size with the same main cause include Gateway Services Inc ($7.1m), Denton County Friends of the Family Inc ($7.1m) and Rainbow Acres ($7.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $378k (4.6% of expenses). Other salaries and wages came to $2.9m. It paid $31k in professional fundraising fees. At year end it held assets of $23.1m against liabilities of $15.6m, net assets of $7.6m. It reported 60 employees.