Bridge of Hope Ministries Inc

Analysis

Bridge of Hope Ministries Inc is a registered charity in United States, based in Pocahontas, AR. It received its IRS tax-exemption ruling in May 2014, 12 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 Hope Ministries Inc reported income of $135k and spending of $111k, spending 82% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $81k to $135k (+67%), an average of +67% a year. The sharpest change came in the year to December 2023, when income rose by 67%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge of Hope Ministries Inc sits at the 39th percentile: it is larger than about 39% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 44th percentile within AR. Charities of a similar size with the same main cause include Lake Band Booster Club ($135k), The Barn for the Poorest of the Poor Inc ($135k) and Family Promise of Sarasota Inc ($135k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $218k against liabilities of $0, net assets of $218k.