Bridging Incorporated

Analysis

Bridging Incorporated is a registered charity in United States, based in Bloomington, MN. It received its IRS tax-exemption ruling in October 1992, 34 years ago. Its declared purposes cover unknown, which this site groups under other charitable 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 2023, Bridging Incorporated reported income of $12.0m and spending of $10.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $9.5m to $12.0m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridging Incorporated sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Hospice of Huntington Inc ($12.0m), Couleecap Inc ($12.0m) and Society for Handicapped Citizens of Medina County Inc ($11.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $216k (2.0% of expenses). Other salaries and wages came to $2.1m. It paid $14k in professional fundraising fees. At year end it held assets of $10.2m against liabilities of $917k, net assets of $9.3m. It reported 48 employees.