Bridges of Hope New Haven Inc

Analysis

Bridges of Hope New Haven Inc is a registered charity in United States, based in New Haven, CT. It received its IRS tax-exemption ruling in November 2019, 7 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, Bridges of Hope New Haven Inc reported income of $64k and spending of $87k, spending 137% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $63k to $64k (+1.6%), an average of +1.6% a year. Over the whole period it spent 121% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridges of Hope New Haven Inc sits at the 22nd percentile: it is larger than about 22% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 23rd percentile within CT. Charities of a similar size with the same main cause include NPX Charitable Inc ($64k), Marians Closet ($64k) and Global Emergency Response and Assistance Gera ($63k).

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 $61k against liabilities of $498, net assets of $60k.