Bridges of Norman Inc

Analysis

Bridges of Norman Inc is a registered charity in United States, based in Norman, OK. It received its IRS tax-exemption ruling in April 1997, 29 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, Bridges of Norman Inc reported income of $769k and spending of $669k, spending 87% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $568k to $769k (+35%), an average of +7.9% a year. The sharpest change came in the year to December 2022, when income rose by 22%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridges of Norman Inc 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 76th percentile, and in the 77th percentile within OK. Charities of a similar size with the same main cause include Family & Community Services of Somerset County ($769k), Young Mens-Young Womens Hebrew Association of Bergen County ($770k) and Zomi Innkuan USA Inc ($769k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $285k. At year end it held assets of $1.3m against liabilities of $28k, net assets of $1.3m. It reported 9 employees.