Bridge Fund of New York Inc

Analysis

Bridge Fund of New York Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 1995, 31 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 December 2023, Bridge Fund of New York Inc reported income of $4.5m and spending of $4.8m, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.4m to $4.5m (+2.0%), an average of +0.5% a year. The sharpest change came in the year to December 2022, when income rose by 48%. Over the whole period it spent 86% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge Fund of New York Inc 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 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Mano a Mano Family Resource Center ($4.5m), Talbot Hospice Foundation Inc ($4.5m) and Avenue of Life Inc ($4.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $240k (5.0% of expenses). Other salaries and wages came to $995k. At year end it held assets of $4.8m against liabilities of $2,001, net assets of $4.8m. It reported 20 employees.