Bridges Outreach Inc

Analysis

Bridges Outreach Inc is a registered charity in United States, based in Summit, NJ. It received its IRS tax-exemption ruling in December 1992, 34 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, Bridges Outreach Inc reported income of $3.0m and spending of $2.6m, spending 86% of its income. Across the 5 years on record, from May 2020 to December 2023, income grew from $1.5m to $3.0m (+95%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 71%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridges Outreach Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 90th percentile within NJ. Charities of a similar size with the same main cause include Ligonier Valley Young Mens Christian Association of Pennsylva ($3.0m), Friendly House Inc ($3.0m) and Spark Youth ($3.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $144k (5.6% of expenses). Other salaries and wages came to $864k. At year end it held assets of $1.4m against liabilities of $121k, net assets of $1.3m. It reported 42 employees.