Bridges of Love NW

Analysis

Bridges of Love NW is a registered charity in United States, based in Lake Tapps, WA. It received its IRS tax-exemption ruling in November 2000, 26 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, Bridges of Love NW reported income of $104k and spending of $85k, spending 82% of its income. Across the 3 years on record, from December 2019 to December 2023, income fell from $136k to $104k (-24%), an average of -13% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridges of Love NW sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 38th percentile, and in the 34th percentile within WA. Charities of a similar size with the same main cause include Charis Ministries Inc ($104k), Trans Pride Initiative ($104k) and Our Space Inc ($104k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 99% and program service revenue 1.4% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.