Bridge of Central Massachusetts Inc

Analysis

Bridge of Central Massachusetts Inc is a registered charity in United States, based in Worcester, MA. It received its IRS tax-exemption ruling in January 1980, 46 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 June 2023, Bridge of Central Massachusetts Inc reported income of $59k and spending of $622k, spending 1052% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $294k to $59k (-80%), an average of -33% a year. The sharpest change came in the year to June 2020, when income dropped by 81%. Over the whole period it spent 662% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge of Central Massachusetts Inc sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 32nd percentile within MA. Charities of a similar size with the same main cause include Fund for the Highlander Research & Education Center ($59k), Whatsoever You Do Inc ($59k) and Centennial Services Inc ($59k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $8.7m against liabilities of $3.8m, net assets of $4.9m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.