Bridge of Hope Buxmont

Analysis

Bridge of Hope Buxmont is a registered charity in United States, based in Souderton, PA. It received its IRS tax-exemption ruling in December 2002, 24 years ago. 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 March 2023, Bridge of Hope Buxmont reported income of $310k and spending of $244k, leaving 21% of income unspent that year. Across the 3 years on record, from March 2021 to March 2023, income grew from $221k to $310k (+40%), an average of +18% a year. The sharpest change came in the year to March 2023, when income rose by 43%. Over the whole period it spent 80% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridge of Hope Buxmont sits at the 61st percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 60th percentile within PA. Charities of a similar size with the same main cause include Fine Arts Society of Indianapolis ($310k), Kremmling Preschool ($310k) and Memphis Challenge Inc ($310k).

On its Form 990 for the period ending March 2023, revenue came from contributions and grants 80% of the total. Compensation of current officers, directors and key employees was $47k (19% of expenses). Other salaries and wages came to $66k. At year end it held assets of $289k against liabilities of $102k, net assets of $187k. It reported 5 employees.