Bridge to Faith

Analysis

Bridge to Faith is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in April 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, Bridge to Faith reported income of $157k and spending of $126k, spending 80% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $104k to $157k (+50%), an average of +50% a year. The sharpest change came in the year to December 2023, when income rose by 50%. Over the whole period it spent 76% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge to Faith sits at the 43rd percentile: it is larger than about 43% of them. Against every charity in United States with reported income it ranks in the 48th percentile, and in the 46th percentile within NC. Charities of a similar size with the same main cause include Pine Strawberry Food Bank Inc ($157k), Horizon Residential Alternatives II Inc ($157k) and Nara Foundation Group ($157k).

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 $84k against liabilities of $0, net assets of $84k.