Bridges Training Foundation

Analysis

Bridges Training Foundation is a registered charity in United States, based in Midlothian, TX. It received its IRS tax-exemption ruling in May 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 December 2023, Bridges Training Foundation reported income of $259k and spending of $274k, spending 106% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $270k to $259k (-4.2%), an average of -1.1% a year. The sharpest change came in the year to December 2021, when income rose by 69%. Over the whole period it spent 109% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridges Training Foundation sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 63rd percentile within TX. Charities of a similar size with the same main cause include Swartz Creek Area Senior Citizens Inc ($259k), Hilo Arc Housing Corporation No 1 ($259k) and Aftermath Foundation ($259k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 11% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $105k (38% of expenses). Other salaries and wages came to $65k. At year end it held assets of $71k against liabilities of $123k, net assets of -$52k. It reported 6 employees.