The Bridge Inc

Analysis

The Bridge Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in October 1955, 71 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, The Bridge Inc reported income of $74.5m and spending of $66.9m, spending 90% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $51.6m to $74.5m (+44%), an average of +9.6% a year. The sharpest change came in the year to June 2022, when income rose by 17%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The Bridge Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within NY. Charities of a similar size with the same main cause include Regional Food Bank of Northeast Florida Inc ($74.2m), Catholic Charities of the Roman Catholic Diocese of Syracuse Ny ($74.7m) and Bhi Senior Living Inc ($74.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 52% and program service revenue 41% of the total. Compensation of current officers, directors and key employees was $1.4m (2.1% of expenses). Other salaries and wages came to $26.9m. At year end it held assets of $80.7m against liabilities of $53.5m, net assets of $27.2m. It reported 718 employees.