Bridgeport International Academy Inc

Analysis

Bridgeport International Academy Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in March 2001, 25 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, Bridgeport International Academy Inc reported income of $1.6m and spending of $1.7m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $1.6m (+25%), an average of +5.8% a year. The sharpest change came in the year to June 2023, when income rose by 49%. Over the whole period it spent 112% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridgeport International Academy Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within CT. Charities of a similar size with the same main cause include Montessori Society Dba Montessori Childrens House of Lansing ($1.6m), Beyond Conflict Inc ($1.6m) and Chandler School ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.5% and program service revenue 90% of the total. Compensation of current officers, directors and key employees was $148k (8.6% of expenses). Other salaries and wages came to $226k. At year end it held assets of $1.1m against liabilities of $1.6m, net assets of -$498k. It reported 20 employees.

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.