Bridgegaps Foundation

Analysis

Bridgegaps Foundation is a registered charity in United States, based in Montclair, CA. It received its IRS tax-exemption ruling in May 2021, 5 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, Bridgegaps Foundation reported income of $124k and spending of $89k, leaving 29% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $59k to $124k (+110%), an average of +110% a year. The sharpest change came in the year to December 2023, when income rose by 110%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridgegaps Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 45th percentile within CA. Charities of a similar size with the same main cause include Project Lamp Light ($124k), Mercy House ($124k) and Butler Clear Fork Adult Nutrition ($124k).

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 $55k against liabilities of $0, net assets of $55k.