Bridge Academy

Analysis

Bridge Academy is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in December 1997, 29 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 2024, Bridge Academy reported income of $5.6m and spending of $5.4m, spending 97% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $4.0m to $5.6m (+39%), an average of +6.8% a year. The sharpest change came in the year to June 2022, when income rose by 21%. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridge Academy sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Louisiana Leadership Institute ($5.6m), Bnos Esther Malka Inc ($5.6m) and Creekside Christian Academy Inc ($5.6m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 99% and program service revenue 0.6% of the total. Other salaries and wages came to $3.9m. At year end it held assets of $3.2m against liabilities of $1.4m, net assets of $1.8m. It reported 76 employees.