Bridge of Hope

Analysis

Bridge of Hope is a registered charity in United States, based in Milford, DE. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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 reported income of $1.9m and spending of $1.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $1.9m (+26%), an average of +5.9% a year. The sharpest change came in the year to December 2022, when income rose by 21%. Over the whole period it spent 86% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bridge of Hope sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 84th percentile within DE. Charities of a similar size with the same main cause include Spark Worldwide ($1.9m), A V Living Water Worship Center ($1.9m) and Yeshivath Gesher ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 4.3% of the total. Other salaries and wages came to $834k. At year end it held assets of $2.2m against liabilities of $13k, net assets of $2.1m. It reported 21 employees.