Bridging Hearts

Analysis

Bridging Hearts is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 2011, 15 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, Bridging Hearts reported income of $62k and spending of $49k, leaving 20% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $84k to $62k (-26%), an average of -26% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 72% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridging Hearts sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Spruce Manor Inc ($62k), Faribault County Food Shelf Inc ($62k) and United Way of Eastern Utah ($62k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 57% and program service revenue 42% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.