Bridge Ministries

Analysis

Bridge Ministries is a registered charity in United States, based in Redmond, WA. It received its IRS tax-exemption ruling in March 1994, 32 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 Ministries reported income of $2.9m and spending of $2.9m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.6m to $2.9m (-48%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 100% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Bridge Ministries sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 89th percentile within WA. Charities of a similar size with the same main cause include Bibles for America Incorporated ($2.9m), Worldwide Pentecostal Fellowship ($2.9m) and The Grace Message ($2.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 83% and program service revenue 5.8% of the total. Compensation of current officers, directors and key employees was $78k (2.7% of expenses). Other salaries and wages came to $611k. At year end it held assets of $1.2m against liabilities of $157k, net assets of $1.0m. It reported 24 employees.