The Bridgepath

Analysis

The Bridgepath is a registered charity in United States, based in Bacliff, TX. It received its IRS tax-exemption ruling in August 2016, 10 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The Bridgepath reported income of $60k and spending of $199k, spending 332% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $149k to $60k (-60%), an average of -60% a year. The sharpest change came in the year to December 2023, when income dropped by 60%. Over the whole period it spent 172% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Bridgepath sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 24th percentile, and in the 24th percentile within TX. Charities of a similar size with the same main cause include Mooers Senior Citizens Housing Corporation ($60k), PTA Texas Congress ($60k) and Farmington Emergency Medical Team Inc ($60k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% of the total. At year end it held assets of $96k against liabilities of $176k, net assets of -$79k.