Bridges of Hope

Analysis

Bridges of Hope is a registered charity in United States, based in Brainerd, MN. It received its IRS tax-exemption ruling in March 2003, 23 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Bridges of Hope reported income of $1.9m and spending of $1.9m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.0m to $1.9m (+88%), an average of +17% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bridges of Hope sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 85th percentile within MN. Charities of a similar size with the same main cause include The Armenian Eyecare Project ($1.9m), Mymichigan Medical Center Saginaw Foundation ($1.9m) and Bridges Domestic & Sexual Violence Support Services Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 33% of the total. Compensation of current officers, directors and key employees was $118k (6.2% of expenses). Other salaries and wages came to $909k. It paid $79k in professional fundraising fees. At year end it held assets of $2.0m against liabilities of $1.0m, net assets of $939k. It reported 69 employees.