Bridges of Florida Inc

Analysis

Bridges of Florida Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in March 2017, 9 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridges of Florida Inc reported income of $4.9m and spending of $5.0m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.8m to $4.9m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2022, when income rose by 19%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridges of Florida Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 93rd percentile within FL. Charities of a similar size with the same main cause include Woodhouse Inc ($4.9m), Saint Michael Episcopal School ($4.9m) and Education & Empowerment Inc ($4.9m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $1.2m. At year end it held assets of $2.1m against liabilities of $4.4m, net assets of -$2.3m. It reported 32 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.