District Bridges

Analysis

District Bridges is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 2009, 17 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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 September 2023, District Bridges reported income of $3.2m and spending of $3.3m, spending 104% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $558k to $3.2m (+469%), an average of +54% a year. The sharpest change came in the year to September 2020, when income rose by 84%. Over the whole period it spent 101% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, District Bridges sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 74th percentile within DC. Charities of a similar size with the same main cause include International Critical Incident Stress Foundation Inc ($3.2m), Beaverton Arts Foundation Inc ($3.2m) and The Basilica Landmark ($3.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 98% and program service revenue 1.1% of the total. Compensation of current officers, directors and key employees was $117k (3.6% of expenses). Other salaries and wages came to $740k. At year end it held assets of $868k against liabilities of $1.3m, net assets of -$432k. It reported 23 employees.