Bridginglife Inc

Analysis

Bridginglife Inc is a registered charity in United States, based in Westminster, MD. It received its IRS tax-exemption ruling in November 1988, 38 years ago. 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 June 2023, Bridginglife Inc reported income of $21.4m and spending of $20.8m, spending 97% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.2m to $21.4m (+51%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 25%. Over the whole period it spent 87% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridginglife Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 96th percentile within MD. Charities of a similar size with the same main cause include Catholic Care Campus Inc ($21.4m), Habitat for Humanity International Inc ($21.4m) and University of Maryland Obstetrical and Gynecological Associates P a ($21.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 6.9% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $326k (1.6% of expenses). Other salaries and wages came to $12.9m. At year end it held assets of $23.0m against liabilities of $352k, net assets of $22.6m. It reported 234 employees.