Building Bridges Through Music Inc

Analysis

Building Bridges Through Music Inc is a registered charity in United States, based in Lynn, MA. It received its IRS tax-exemption ruling in November 2002, 24 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, Building Bridges Through Music Inc reported income of $522k and spending of $522k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $522k (+154%), an average of +26% a year. The sharpest change came in the year to December 2021, when income rose by 60%. 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, Building Bridges Through Music Inc sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 71st percentile within MA. Charities of a similar size with the same main cause include Ron Teal Ministries Inc ($521k), Zack Cherian International Ministries USA Inc ($522k) and The Keystone Project Inc ($520k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $241k. At year end it held assets of $81k against liabilities of -$50, net assets of $81k. It reported 6 employees.