Bridging the Gap Inc

Analysis

Bridging the Gap Inc is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in April 1994, 32 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 April 2023, Bridging the Gap Inc reported income of $2.3m and spending of $2.0m, spending 86% of its income. Across the 5 years on record, from April 2019 to April 2023, income grew from $1.8m to $2.3m (+30%), an average of +6.9% a year. The sharpest change came in the year to April 2022, when income rose by 25%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridging the Gap Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 86th percentile within MO. Charities of a similar size with the same main cause include Boys and Girls Club of Souhegan Valley Inc ($2.3m), Internationals Network for Public Schools Inc ($2.3m) and Thalassemia Foundation of America Inc ($2.3m).

On its Form 990 for the period ending April 2023, revenue came from contributions and grants 51% and program service revenue 50% of the total. Compensation of current officers, directors and key employees was $53k (2.7% of expenses). Other salaries and wages came to $988k. At year end it held assets of $3.2m against liabilities of $1.5m, net assets of $1.7m. It reported 39 employees.