Bridging Communities Regional Ctefoundation Incorporation

Analysis

Bridging Communities Regional Ctefoundation Incorporation is a registered charity in United States, based in New Kent, VA. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 2024, Bridging Communities Regional Ctefoundation Incorporation reported income of $152k and spending of $29k, leaving 81% of income unspent that year. Across the 2 years on record, from June 2023 to June 2024, income grew from $34k to $152k (+342%), an average of +342% a year. The sharpest change came in the year to June 2024, when income rose by 342%. Over the whole period it spent 23% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bridging Communities Regional Ctefoundation Incorporation sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 47th percentile within VA. Charities of a similar size with the same main cause include Minnesota Valley Electric Trust ($152k), Local 294 Teamsters Care ($152k) and Carteret-Craven Electric Foundation ($152k).

On its Form 990-EZ for the period ending June 2024, revenue came from contributions and grants 89% of the total. At year end it held assets of $207k against liabilities of $0, net assets of $207k.