Bridges to Development

Analysis

Bridges to Development is a registered charity in United States, based in Vashon, WA. It received its IRS tax-exemption ruling in July 2018, 8 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Bridges to Development reported income of $676k and spending of $2.4m, spending 350% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $405k to $676k (+67%), an average of +14% a year. The sharpest change came in the year to December 2020, when income rose by 676%. Over the whole period it spent 78% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Bridges to Development 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 74th percentile, and in the 74th percentile within WA. Charities of a similar size with the same main cause include Haiti Endowment Fund ($675k), Macedonia 2025 ($676k) and Rajasthan Medical Alumni Association Inc ($674k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 46% of the total. Compensation of current officers, directors and key employees was $311k (13% of expenses). Other salaries and wages came to $10k. At year end it held assets of $2.4m against liabilities of $564k, net assets of $1.8m. It reported 2 employees.