Bridgemont Ministries Inc

Analysis

Bridgemont Ministries Inc is a registered charity in United States, based in Sevierville, TN. It received its IRS tax-exemption ruling in June 1999, 27 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bridgemont Ministries Inc reported income of $89k and spending of $97k, spending 109% of what it took in. Across the 4 years on record, from December 2019 to December 2023, income grew from $75k to $89k (+18%), an average of +5.7% a year. The sharpest change came in the year to December 2022, when income rose by 531%. Over the whole period it spent 118% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bridgemont Ministries Inc sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 33rd percentile within TN. Charities of a similar size with the same main cause include Boston Slammers Girls Baseball Inc ($89k), Wyld Card Volleyball Corporation ($89k) and Lancaster County Junior Golf Tour ($89k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 71% of the total. At year end it held assets of $188k against liabilities of $2,796, net assets of $185k.

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.