Friends of the Bridegroom Inc

Analysis

Friends of the Bridegroom Inc is a registered charity in United States, based in Cincinnati, OH. It received its IRS tax-exemption ruling in June 1999, 27 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 December 2023, Friends of the Bridegroom Inc reported income of $230k and spending of $324k, spending 141% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $207k to $230k (+11%), an average of +2.6% a year. The sharpest change came in the year to December 2021, when income rose by 44%. Over the whole period it spent 115% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Friends of the Bridegroom Inc sits at the 69th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 56th percentile within OH. Charities of a similar size with the same main cause include Iglesia Pentecostal Tiempo de Avivamiento Jesus Es Luz Inc ($230k), Shepherds Light ($230k) and Ecumenical Campus Ministries Inc ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $84k. At year end it held assets of $498k against liabilities of $145k, net assets of $353k. It reported 1 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.