A Bridge to Independence

Analysis

A Bridge to Independence is a registered charity in United States, based in Erie, PA. It received its IRS tax-exemption ruling in October 2013, 13 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 June 2023, A Bridge to Independence reported income of $6.4m and spending of $5.9m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.1m to $6.4m (+200%), an average of +32% a year. The sharpest change came in the year to June 2021, when income rose by 86%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, A Bridge to Independence sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within PA. Charities of a similar size with the same main cause include Ser Familia Inc ($6.4m), Core Services of Northeast Tennessee ($6.4m) and Colorado Springs Child Nursery Centers Inc ($6.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $161k (2.7% of expenses). Other salaries and wages came to $3.4m. At year end it held assets of $2.1m against liabilities of $940k, net assets of $1.2m. It reported 133 employees.