Bridge Ministries of Laredo Inc

Analysis

Bridge Ministries of Laredo Inc is a registered charity in United States, based in Laredo, TX. It received its IRS tax-exemption ruling in March 2011, 15 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Bridge Ministries of Laredo Inc reported income of $240k and spending of $249k, spending 104% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $199k to $240k (+21%), an average of +4.8% a year. The sharpest change came in the year to December 2021, when income rose by 74%. Over the whole period it spent 83% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bridge Ministries of Laredo Inc sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 61st percentile within TX. Charities of a similar size with the same main cause include Fathers Heart Ministries Inc ($240k), Shepherds Way ($240k) and Jesus Church ($240k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% of the total. Compensation of current officers, directors and key employees was $70k (28% of expenses). Other salaries and wages came to $57k. At year end it held assets of $506k against liabilities of $230k, net assets of $276k. It reported 6 employees.