Bridge Network Corp

Analysis

Bridge Network Corp is a registered charity in United States, based in Sacramento, CA. It received its IRS tax-exemption ruling in October 2011, 15 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, Bridge Network Corp reported income of $97k and spending of $176k, spending 183% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $187k to $97k (-48%), an average of -48% a year. The sharpest change came in the year to December 2023, when income dropped by 48%. Over the whole period it spent 117% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge Network Corp sits at the 32nd percentile: it is larger than about 32% of them. Against every charity in United States with reported income it ranks in the 36th percentile, and in the 38th percentile within CA. Charities of a similar size with the same main cause include Urban Partners Los Angeles Inc ($97k), Murphys Produce with Purpose ($97k) and Embrace ($97k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.2% of the total. At year end it held assets of $7,551 against liabilities of $100k, net assets of -$93k.