Bronze Shields Inc

Analysis

Bronze Shields Inc is a registered charity in United States, based in Newark, NJ. It received its IRS tax-exemption ruling in September 2022, 4 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bronze Shields Inc reported income of $118k and spending of $75k, leaving 37% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $778k to $118k (-85%), an average of -38% a year. The sharpest change came in the year to December 2020, when income dropped by 90%. 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, Bronze Shields Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 49th percentile within NJ. Charities of a similar size with the same main cause include Sportsmans Club of Joshua Tree Inc ($118k), Gainesville-Haymarket Rotary Foundation Inc ($118k) and Central Electric Member Care Trust Inc ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $1.0m against liabilities of $2,750, net assets of $1.0m. It reported 1 employees.