Solidarity Bridge Inc

Analysis

Solidarity Bridge Inc is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in April 2002, 24 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Solidarity Bridge Inc reported income of $2.9m and spending of $2.9m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.8m to $2.9m (+58%), an average of +12% a year. The sharpest change came in the year to December 2023, when income rose by 43%. Over the whole period it spent 100% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Solidarity Bridge 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 89th percentile, and in the 89th percentile within IL. Charities of a similar size with the same main cause include Care Horizon Inc ($2.9m), Alzheimers San Diego ($2.9m) and Young Mens Christian Association of the Prairie ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Compensation of current officers, directors and key employees was $68k (2.4% of expenses). Other salaries and wages came to $367k. At year end it held assets of $1.1m against liabilities of $80k, net assets of $978k. It reported 8 employees.