Bridging the Gap Project Inc

Analysis

Bridging the Gap Project Inc is a registered charity in United States, based in Atlanta, GA. It received its IRS tax-exemption ruling in May 2024, 2 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 September 2024, Bridging the Gap Project Inc reported income of $155k and spending of $102k, leaving 34% of income unspent that year. Across the 3 years on record, from September 2021 to September 2024, income fell from $219k to $155k (-29%), an average of -16% a year. The sharpest change came in the year to September 2023, when income dropped by 19%. Over the whole period it spent 55% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridging the Gap Project Inc sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 51st percentile within GA. Charities of a similar size with the same main cause include Wels Bargain Center Inc ($155k), Friendship Circle of Atlanta Inc ($155k) and Laredo Immigrant Alliance ($155k).

On its Form 990-EZ for the period ending September 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $1 against liabilities of $0, net assets of $1.