Bridge Academy Inc

Analysis

Bridge Academy Inc is a registered charity in United States, based in Lawrenceville, NJ. It received its IRS tax-exemption ruling in September 2003, 23 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridge Academy Inc reported income of $3.4m and spending of $3.4m, spending 99% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $3.5m to $3.4m (-2.4%), an average of -0.6% a year. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridge Academy Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within NJ. Charities of a similar size with the same main cause include Plattsburgh College Foundation Inc ($3.4m), Ielts Inc ($3.4m) and Brazo de Oro Childrens Foundation ($3.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 3.8% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $334k (9.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.1m against liabilities of $1.4m, net assets of $1.7m. It reported 40 employees.