Bridge Over Troubled Waters Inc

Analysis

Bridge Over Troubled Waters Inc is a registered charity in United States, based in Pasadena, TX. It received its IRS tax-exemption ruling in November 1978, 48 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, Bridge Over Troubled Waters Inc reported income of $8.7m and spending of $9.6m, spending 111% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $7.0m to $8.7m (+24%), an average of +5.5% a year. The sharpest change came in the year to December 2020, when income rose by 23%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge Over Troubled Waters Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within TX. Charities of a similar size with the same main cause include Burger King Foundation Inc ($8.7m), YMCA of Reading & Berks Co ($8.7m) and American Lutheran Homes Inc ($8.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $118k (1.2% of expenses). Other salaries and wages came to $4.4m. At year end it held assets of $13.7m against liabilities of $6.4m, net assets of $7.3m. It reported 128 employees.