Omaha Bridges Out of Poverty Inc

Analysis

Omaha Bridges Out of Poverty Inc is a registered charity in United States, based in Omaha, NE. It received its IRS tax-exemption ruling in December 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, Omaha Bridges Out of Poverty Inc reported income of $1.2m and spending of $1.4m, spending 119% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $622k to $1.2m (+86%), an average of +17% a year. The sharpest change came in the year to December 2022, when income rose by 54%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Omaha Bridges Out of Poverty Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within NE. Charities of a similar size with the same main cause include National Spay Alliance Foundation ($1.2m), Living at Home of the Park Rapids Area ($1.2m) and Okaloosa County Council on Aging Inc ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $36k (2.7% of expenses). Other salaries and wages came to $663k. At year end it held assets of $8,436 against liabilities of $8,822, net assets of -$386. It reported 47 employees.