Bridge the Gap Ministries

Analysis

Bridge the Gap Ministries is a registered charity in United States, based in Kodak, TN. It received its IRS tax-exemption ruling in November 2019, 7 years ago. Its declared purposes cover religion-related, which this site groups under religion. 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, Bridge the Gap Ministries reported income of $874k and spending of $833k, spending 95% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $615k to $874k (+42%), an average of +42% a year. The sharpest change came in the year to December 2023, when income rose by 42%. Over the whole period it spent 94% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bridge the Gap Ministries sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 80th percentile within TN. Charities of a similar size with the same main cause include Media Associates International Inc ($874k), Sree Venkateswara Temple of Cleveland ($876k) and Saint Edward Retreat Center ($874k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $143k (17% of expenses). Other salaries and wages came to $290k. At year end it held assets of $167k against liabilities of $29k, net assets of $138k. It reported 17 employees.