Bridges Charter School

Analysis

Bridges Charter School is a registered charity in United States, based in Thousand Oaks, CA. It received its IRS tax-exemption ruling in November 2010, 16 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridges Charter School reported income of $5.3m and spending of $5.1m, spending 96% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $3.9m to $5.3m (+35%), an average of +7.8% a year. The sharpest change came in the year to June 2023, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridges Charter School 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 92nd percentile, and in the 93rd percentile within CA. Charities of a similar size with the same main cause include Nashville Software School Inc ($5.3m), Free Lutheran Theological Seminary Corporation ($5.3m) and National Council for Community and Education Partnerships ($5.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $179k (3.5% of expenses). Other salaries and wages came to $2.3m. At year end it held assets of $2.9m against liabilities of $619k, net assets of $2.3m. It reported 72 employees.