Hopes Bridge of Middle TN

Analysis

Hopes Bridge of Middle TN is a registered charity in United States, based in Eagle Lake, FL. It received its IRS tax-exemption ruling in June 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 June 2023, Hopes Bridge of Middle TN reported income of $276k and spending of $284k, spending 103% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $188k to $276k (+47%), an average of +47% a year. The sharpest change came in the year to June 2023, when income rose by 47%. Over the whole period it spent 104% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hopes Bridge of Middle TN sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 63rd percentile within FL. Charities of a similar size with the same main cause include His Haitian Interdenominational Shelter Home for Children ($276k), Hand in Hand Farm ($276k) and ICT Food Rescue Inc ($276k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 103% of the total. Other salaries and wages came to $173k. At year end it held assets of $9,464 against liabilities of $5,729, net assets of $3,735. It reported 6 employees.