Bridge to Independence Inc

Analysis

Bridge to Independence Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in June 2003, 23 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Bridge to Independence Inc reported income of $1.6m and spending of $1.1m, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $855k to $1.6m (+85%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 37%. Over the whole period it spent 81% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bridge to Independence Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 86th percentile within FL. Charities of a similar size with the same main cause include St Lukes Family Medical Group a Flexible Purpose Corp ($1.6m), Medford Volunteer Ambulance Inc ($1.6m) and Upper Valley Ambulance Inc ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $54k (5.1% of expenses). Other salaries and wages came to $503k. At year end it held assets of $2.4m against liabilities of $1.7m, net assets of $625k.