Building Bridges Foundation

Analysis

Building Bridges Foundation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in November 2011, 15 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Building Bridges Foundation reported income of $107k and spending of $78k, leaving 28% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $47k to $107k (+128%), an average of +128% a year. The sharpest change came in the year to December 2023, when income rose by 128%. Over the whole period it spent 82% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Building Bridges Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 20th percentile within DC. Charities of a similar size with the same main cause include American Veterans Help Corps NFP ($107k), Appalachian Assistive Technology Loan Fund Inc ($107k) and Weve Got Friends Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $98k against liabilities of $0, net assets of $98k.