Bridge to Hope Inc

Analysis

Bridge to Hope Inc is a registered charity in United States, based in Ocala, FL. It received its IRS tax-exemption ruling in November 2013, 13 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2020, Bridge to Hope Inc reported income of $357k and spending of $410k, spending 115% of what it took in. Across the 2 years on record, from December 2019 to December 2020, income grew from $218k to $357k (+64%), an average of +64% a year. The sharpest change came in the year to December 2020, when income rose by 64%. Over the whole period it spent 107% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bridge to Hope Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 68th percentile within FL. Charities of a similar size with the same main cause include The Maurice C LA Grua Center Inc ($357k), Wharton County Community Foundation ($357k) and Worcester Public Library Foundation ($356k).

On its Form 990 for the period ending December 2020, revenue came from contributions and grants 19% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $17k (4.2% of expenses). Other salaries and wages came to $66k. At year end it held assets of $21k against liabilities of $0, net assets of $21k. It reported 12 employees.