Bridge to Hope Inc

Analysis

Bridge to Hope Inc is a registered charity in United States, based in Menomonie, WI. It received its IRS tax-exemption ruling in January 1983, 43 years ago. 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, Bridge to Hope Inc reported income of $979k and spending of $972k, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $733k to $979k (+34%), an average of +7.5% a year. The sharpest change came in the year to December 2020, when income rose by 43%. Over the whole period it spent 90% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridge to Hope Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within WI. Charities of a similar size with the same main cause include Commission on Accreditation for Home Care Inc ($979k), Martin Luther King School Inc ($979k) and First Methodist School Inc ($979k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $61k (6.3% of expenses). Other salaries and wages came to $626k. At year end it held assets of $1.5m against liabilities of $61k, net assets of $1.5m. It reported 24 employees.