Bridge of Promise

Analysis

Bridge of Promise is a registered charity in United States, based in Carnation, WA. It received its IRS tax-exemption ruling in October 2012, 14 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 December 2023, Bridge of Promise reported income of $1.3m and spending of $999k, leaving 26% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $707k to $1.3m (+90%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 68%. Over the whole period it spent 78% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge of Promise sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 82nd percentile within WA. Charities of a similar size with the same main cause include Deaf Blind Service Center ($1.3m), Camps in Common ($1.3m) and Common Market Texas Incorporated ($1.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 45% of the total. Other salaries and wages came to $689k. It paid $2,750 in professional fundraising fees. At year end it held assets of $1.0m against liabilities of $3,181, net assets of $1.0m. It reported 38 employees.