Bridge Street House of Prayer

Analysis

Bridge Street House of Prayer is a registered charity in United States, based in Grand Rapids, MI. It received its IRS tax-exemption ruling in April 2009, 17 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 August 2023, Bridge Street House of Prayer reported income of $617k and spending of $681k, spending 110% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $761k to $617k (-19%), an average of -5.1% a year. The sharpest change came in the year to August 2020, when income rose by 40%. Over the whole period it spent 77% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bridge Street House of Prayer sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 73rd percentile, and in the 73rd percentile within MI. Charities of a similar size with the same main cause include Russian Orthodox Church of the Holy Myrrhbearing Women Inc ($617k), Faith in Action Alabama ($617k) and Little Footprints Learning Center ($616k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 89% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $82k (12% of expenses). Other salaries and wages came to $326k. At year end it held assets of $1.4m against liabilities of $24k, net assets of $1.3m. It reported 18 employees.