Hope Bridge

Analysis

Hope Bridge is a registered charity in United States, based in Hartville, OH. It received its IRS tax-exemption ruling in August 2023, 3 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 2024, Hope Bridge reported income of $507k and spending of $364k, leaving 28% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $30k to $507k (+1592%), an average of +1592% a year. The sharpest change came in the year to June 2024, when income rose by 1592%. Over the whole period it spent 68% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hope Bridge sits at the 65th percentile: it is larger than about 65% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 71st percentile within OH. Charities of a similar size with the same main cause include Small Steps for Compassion ($507k), A Brighter Childhood Foster Family Services Inc ($507k) and Christians in Action Inc ($507k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 96% and program service revenue 0.8% of the total. Compensation of current officers, directors and key employees was $131k (36% of expenses). Other salaries and wages came to $130k. At year end it held assets of $174k against liabilities of $1,613, net assets of $173k.