Newbridge Fund Inc

Analysis

Newbridge Fund Inc is a registered charity in United States, based in Pompton Plains, NJ. It received its IRS tax-exemption ruling in February 1987, 39 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Newbridge Fund Inc reported income of $255k and spending of $1.0m, spending 400% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $480k to $255k (-47%), an average of -19% a year. The sharpest change came in the year to June 2022, when income rose by 168%. Over the whole period it spent 129% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Newbridge Fund Inc sits at the 44th percentile: it is larger than about 44% of them. Against every charity in United States with reported income it ranks in the 59th percentile, and in the 65th percentile within NJ. Charities of a similar size with the same main cause include Arts & Minds Inc ($254k), Progress House Inc ($255k) and Black & White Party ($254k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 94% of the total. At year end it held assets of $1.5m against liabilities of $36k, net assets of $1.5m.