Friends of Bridge Inc

Analysis

Friends of Bridge Inc is a registered charity in United States, based in Valley Stream, NY. It received its IRS tax-exemption ruling in March 1972, 54 years ago. 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, Friends of Bridge Inc reported income of $636k and spending of $647k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $585k to $636k (+8.7%), an average of +2.1% a year. Over the whole period it spent 102% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Friends of Bridge Inc sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 69th percentile within NY. Charities of a similar size with the same main cause include Birthmatters ($636k), Minot Soccer Association ($636k) and Danville Montessori School Inc ($636k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $99k (15% of expenses). Other salaries and wages came to $264k. At year end it held assets of $228k against liabilities of $30k, net assets of $198k. It reported 13 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.