The 410 Bridge Inc

Analysis

The 410 Bridge Inc is a registered charity in United States, based in Alpharetta, GA. It received its IRS tax-exemption ruling in February 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, The 410 Bridge Inc reported income of $4.0m and spending of $4.8m, spending 120% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $5.0m to $4.0m (-21%), an average of -5.7% a year. The sharpest change came in the year to December 2020, when income dropped by 29%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, The 410 Bridge Inc sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within GA. Charities of a similar size with the same main cause include Ccof Foundation ($4.0m), Puppies Behind Bars Inc ($4.0m) and Food Link Inc ($4.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $454k (9.5% of expenses). Other salaries and wages came to $699k. At year end it held assets of $4.2m against liabilities of $143k, net assets of $4.0m. It reported 14 employees.