Bridge to Brighter Inc

Analysis

Bridge to Brighter Inc is a registered charity in United States, based in Madison, WI. It received its IRS tax-exemption ruling in August 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 (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 to Brighter Inc reported income of $357k and spending of $335k, spending 94% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $713k to $357k (-50%), an average of -29% a year. The sharpest change came in the year to December 2022, when income dropped by 37%. Over the whole period it spent 62% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge to Brighter Inc sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within WI. Charities of a similar size with the same main cause include Sandys Day Care Inc ($357k), Destiny Village Inc ($357k) and Phoenix Services Inc ($356k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 101% of the total. Other salaries and wages came to $171k. At year end it held assets of $576k against liabilities of $4,725, net assets of $572k. It reported 4 employees.