Bridge of Grace Inc

Analysis

Bridge of Grace Inc is a registered charity in United States, based in Fort Wayne, IN. It received its IRS tax-exemption ruling in April 2012, 14 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 of Grace Inc reported income of $7.3m and spending of $1.7m, leaving 77% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $959k to $7.3m (+663%), an average of +66% a year. The sharpest change came in the year to December 2022, when income rose by 317%. Over the whole period it spent 22% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge of Grace Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IN. Charities of a similar size with the same main cause include Sowega Council on Aging Inc ($7.3m), Senior Life Midland Inc ($7.3m) and Leap ($7.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 7.4% of the total. Compensation of current officers, directors and key employees was $90k (5.3% of expenses). Other salaries and wages came to $816k. At year end it held assets of $20.4m against liabilities of $2.5m, net assets of $17.9m. It reported 26 employees.