Simon Kenton Bridges of Hope

Analysis

Simon Kenton Bridges of Hope is a registered charity in United States, based in Xenia, OH. It received its IRS tax-exemption ruling in January 2016, 10 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, Simon Kenton Bridges of Hope reported income of $504k and spending of $676k, spending 134% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $236k to $504k (+113%), an average of +21% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 80% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Simon Kenton Bridges of Hope sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Feed Iowa First ($504k), Strong Start Academy Wardelle ($505k) and While We Are Waiting ($504k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 66% of the total. Compensation of current officers, directors and key employees was $101k (15% of expenses). Other salaries and wages came to $270k. At year end it held assets of $533k against liabilities of $17k, net assets of $516k. It reported 31 employees.