Bridging the Gap Together Incorporated

Analysis

Bridging the Gap Together Incorporated is a registered charity in United States, based in Durant, OK. It received its IRS tax-exemption ruling in August 2015, 11 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 the Gap Together Incorporated reported income of $300k and spending of $302k, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $234k to $300k (+28%), an average of +6.4% a year. The sharpest change came in the year to December 2021, when income rose by 20%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridging the Gap Together Incorporated sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 63rd percentile within OK. Charities of a similar size with the same main cause include 2nd Blessings Company ($300k), Under His Wings Inc ($300k) and Nates Place a Wellness and Recovery Center ($300k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 38% of the total. Compensation of current officers, directors and key employees was $68k (23% of expenses). Other salaries and wages came to $93k. At year end it held assets of $344k against liabilities of $197k, net assets of $147k. It reported 13 employees.