Bridge Receiving Center

Analysis

Bridge Receiving Center is a registered charity in United States, based in Lake Stevens, WA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bridge Receiving Center reported income of $1.0m and spending of $1.0m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $390k to $1.0m (+167%), an average of +28% a year. The sharpest change came in the year to December 2021, when income rose by 203%. Over the whole period it spent 89% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge Receiving Center sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 79th percentile within WA. Charities of a similar size with the same main cause include Society for Clinical Vascular Surgery ($1.0m), Grant County Unified Community Resource Council Inc ($1.0m) and First Senior Center of Georgia Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 78% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $6,462 (0.6% of expenses). Other salaries and wages came to $749k. At year end it held assets of $637k against liabilities of $18k, net assets of $619k. It reported 33 employees.