Bridge for Hope Inc

Analysis

Bridge for Hope Inc is a registered charity in United States, based in Cutler Bay, FL. It received its IRS tax-exemption ruling in September 2012, 14 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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 for Hope Inc reported income of $91k and spending of $89k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $185k to $91k (-51%), an average of -51% a year. The sharpest change came in the year to December 2023, when income dropped by 51%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bridge for Hope Inc sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 38th percentile within FL. Charities of a similar size with the same main cause include Liahona Saineha High School Alumni ($91k), Hartington Foundation Inc ($91k) and Womens Impact Inc ($91k).

On its Form 990-EZ for the period ending December 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $11k against liabilities of $55k, net assets of -$44k.