Bridging Communities Inc

Analysis

Bridging Communities Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in July 1999, 27 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 Communities Inc reported income of $1.4m and spending of $1.4m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $918k to $1.4m (+56%), an average of +12% a year. The sharpest change came in the year to December 2021, when income rose by 132%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridging Communities Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include Cheshire Project ($1.4m), Hasc Transportation Corp ($1.4m) and St Augustine Diocesan Council Society of St Vincent de Paul Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 101% of the total. Other salaries and wages came to $536k. At year end it held assets of $2.3m against liabilities of $89k, net assets of $2.2m. It reported 12 employees.