Bridges USA Inc

Analysis

Bridges USA Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 1985, 41 years ago. 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, Bridges USA Inc reported income of $3.9m and spending of $3.8m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income fell from $4.2m to $3.9m (-8.7%), an average of -3.0% a year. The sharpest change came in the year to June 2021, when income dropped by 23%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridges USA 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 91st percentile within TN. Charities of a similar size with the same main cause include Pals Preschool and Kindergarten ($3.9m), Guide Dogs of the Desert ($3.9m) and Senior Services for South Sound ($3.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $242k (6.3% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $7.9m against liabilities of $341k, net assets of $7.6m. It reported 82 employees.