Bridge Ministries Inc

Analysis

Bridge Ministries Inc is a registered charity in United States, based in Birmingham, AL. It received its IRS tax-exemption ruling in April 1991, 35 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 Ministries Inc reported income of $1.4m and spending of $1.1m, leaving 24% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $163k to $1.4m (+766%), an average of +72% a year. The sharpest change came in the year to December 2021, when income rose by 178%. Over the whole period it spent 85% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge Ministries Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 87th percentile within AL. Charities of a similar size with the same main cause include Family Service Agency of Burbank ($1.4m), Nehemiah Center Inc ($1.4m) and Madera Opportunities for Resident Enrichment and Services Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $134k. At year end it held assets of $663k against liabilities of $4,055, net assets of $659k. It reported 3 employees.