Life Bridges Inc

Analysis

Life Bridges Inc is a registered charity in United States, based in Cleveland, TN. It received its IRS tax-exemption ruling in February 1975, 51 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 June 2024, Life Bridges Inc reported income of $25.2m and spending of $24.8m, spending 98% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $19.7m to $25.2m (+28%), an average of +6.4% a year. The sharpest change came in the year to June 2022, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Life Bridges Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within TN. Charities of a similar size with the same main cause include Northwest New Jersey Community Action Program Inc ($25.2m), Seven Hills Foundation Inc ($25.2m) and Army Distaff Foundation Inc ($25.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 90% and program service revenue 8.0% of the total. Compensation of current officers, directors and key employees was $137k (0.6% of expenses). Other salaries and wages came to $17.7m. At year end it held assets of $16.4m against liabilities of $2.4m, net assets of $14.0m. It reported 557 employees.