Bridge Refugee Services Inc

Analysis

Bridge Refugee Services Inc is a registered charity in United States, based in Knoxville, TN. It received its IRS tax-exemption ruling in May 1983, 43 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 December 2023, Bridge Refugee Services Inc reported income of $3.3m and spending of $3.6m, spending 107% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $3.3m (+128%), an average of +23% a year. The sharpest change came in the year to December 2022, when income rose by 37%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridge Refugee Services Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 90th percentile within TN. Charities of a similar size with the same main cause include Family Service Madison Inc ($3.3m), The Salvation Army Residences Inc ($3.3m) and Girl Scouts of Southern Alabama Inc ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $130k (3.6% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.1m against liabilities of $442k, net assets of $708k. It reported 51 employees.