Bridgeport Public Education Fund Inc

Analysis

Bridgeport Public Education Fund Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in July 1994, 32 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Bridgeport Public Education Fund Inc reported income of $264k and spending of $334k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $215k to $264k (+23%), an average of +5.3% a year. The sharpest change came in the year to December 2020, when income rose by 38%. Over the whole period it spent 97% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bridgeport Public Education Fund Inc sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 56th percentile within CT. Charities of a similar size with the same main cause include United Way of the Titusville Region ($264k), Reminger Foundation Company ($264k) and Ann B Hearin Foundation ($264k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $77k (23% of expenses). Other salaries and wages came to $99k. At year end it held assets of $564k against liabilities of $19k, net assets of $544k. It reported 35 employees.