Building Bridges of Hope Inc

Analysis

Building Bridges of Hope Inc is a registered charity in United States, based in Pinckney, MI. It received its IRS tax-exemption ruling in March 2015, 11 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, Building Bridges of Hope Inc reported income of $74k and spending of $107k, spending 145% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $172k to $74k (-57%), an average of -57% a year. The sharpest change came in the year to December 2023, when income dropped by 57%. Over the whole period it spent 114% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Building Bridges of Hope Inc sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 29th percentile, and in the 28th percentile within MI. Charities of a similar size with the same main cause include Toys for Joy Inc ($74k), Lynn Ministries Inc ($74k) and Stormwater Outreach for Regional Municipalities Storm ($74k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $3,789 against liabilities of $0, net assets of $3,789.