Bridge to Hope Woc Inc

Analysis

Bridge to Hope Woc Inc is a registered charity in United States, based in Cutler Bay, FL. It received its IRS tax-exemption ruling in May 1984, 42 years ago. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2022, Bridge to Hope Woc Inc reported income of $3.6m and spending of $3.4m, spending 94% of its income. Across the 5 years on record, from December 2018 to December 2022, income grew from $604k to $3.6m (+502%), an average of +57% a year. The sharpest change came in the year to December 2020, when income rose by 416%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridge to Hope Woc Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 92nd percentile within FL. Charities of a similar size with the same main cause include Sierra Nevada Academy Charter School ($3.6m), P5 Strategies ($3.6m) and Cradle to Cradle Products Innovation Institute Inc ($3.6m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $30k (0.9% of expenses). Other salaries and wages came to $88k. At year end it held assets of $928k against liabilities of $404k, net assets of $524k. It reported 5 employees.