Bridging Hope Inc

Analysis

Bridging Hope Inc is a registered charity in United States, based in Temple Hills, MD. It received its IRS tax-exemption ruling in September 2016, 10 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 Hope Inc reported income of $933k and spending of $908k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $854k to $933k (+9.3%), an average of +2.2% a year. The sharpest change came in the year to December 2022, when income dropped by 36%. 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, Bridging Hope Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within MD. Charities of a similar size with the same main cause include Felege Hiywot Center Inc ($933k), Mystic Learning Center Inc ($933k) and Nosh Delivers Inc ($933k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 2.9% of the total. Compensation of current officers, directors and key employees was $33k (3.6% of expenses). At year end it held assets of $153k against liabilities of $30k, net assets of $124k. It reported 3 employees.