Bridges of Hope Inc

Analysis

Bridges of Hope Inc is a registered charity in United States, based in East Haven, CT. It received its IRS tax-exemption ruling in October 2008, 18 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Bridges of Hope Inc reported income of $105k and spending of $105k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $604k to $105k (-83%), an average of -36% a year. The sharpest change came in the year to December 2022, when income rose by 538%. Over the whole period it spent 100% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Bridges of Hope Inc sits at the 35th percentile: it is larger than about 35% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 36th percentile within CT. Charities of a similar size with the same main cause include One World Institute of Sir Dr Thomas Stern and Yolanda Ortega St ($105k), Smiles of Hope Inc ($105k) and Books Are the Beginning ($105k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,551 against liabilities of $0, net assets of $3,551.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.