Bridges for the Deaf and Hard of Hearing

Analysis

Bridges for the Deaf and Hard of Hearing is a registered charity in United States, based in Nashville, TN. It received its IRS tax-exemption ruling in October 1971, 55 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 2024, Bridges for the Deaf and Hard of Hearing reported income of $3.6m and spending of $3.6m, spending 100% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $2.3m to $3.6m (+60%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 33%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridges for the Deaf and Hard of Hearing 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 91st percentile within TN. Charities of a similar size with the same main cause include Camp Sunshine Inc ($3.6m), The Miller Center Foundation ($3.6m) and Habitat for Humanity International Inc ($3.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 30% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $121k (3.3% of expenses). Other salaries and wages came to $904k. At year end it held assets of $3.4m against liabilities of $533k, net assets of $2.8m. It reported 36 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.