Bridge of Hope SD Inc

Analysis

Bridge of Hope SD Inc is a registered charity in United States, based in San Diego, CA. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover food, agriculture and nutrition, 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, Bridge of Hope SD Inc reported income of $1.0m and spending of $1.0m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $993k to $1.0m (+4.5%), an average of +1.1% a year. The sharpest change came in the year to December 2021, when income rose by 201%. Over the whole period it spent 98% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge of Hope SD Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 81st percentile within CA. Charities of a similar size with the same main cause include Jobswork Mke Inc ($1.0m), Madison County Senior Citizens Center Inc ($1.0m) and Light Health and Wellness Comprehensive Services Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $38k (3.8% of expenses). Other salaries and wages came to $50k. At year end it held assets of $139k against liabilities of $0, net assets of $139k. It reported 4 employees.