Bridge of Hope Inc

Analysis

Bridge of Hope Inc is a registered charity in United States, based in Exton, PA. It received its IRS tax-exemption ruling in December 2002, 24 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 March 2024, Bridge of Hope Inc reported income of $2.9m and spending of $1.9m, leaving 32% of income unspent that year. Across the 5 years on record, from March 2020 to March 2024, income grew from $933k to $2.9m (+208%), an average of +32% a year. The sharpest change came in the year to March 2024, when income rose by 75%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge of Hope Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within PA. Charities of a similar size with the same main cause include Catholic Charities of Southeast Texas ($2.9m), Neighbors Consejo ($2.9m) and Anchor House Inc ($2.9m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 99% and program service revenue 1.0% of the total. Compensation of current officers, directors and key employees was $115k (5.9% of expenses). Other salaries and wages came to $1.1m. At year end it held assets of $2.8m against liabilities of $545k, net assets of $2.2m. It reported 25 employees.