The Bridgespan Group Inc

Analysis

The Bridgespan Group Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 1999, 27 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, The Bridgespan Group Inc reported income of $84.8m and spending of $94.9m, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $54.7m to $84.8m (+55%), an average of +12% a year. The sharpest change came in the year to December 2020, when income rose by 117%. Over the whole period it spent 75% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, The Bridgespan Group Inc sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Goodwill Keystone Area ($84.7m), Goodwill Industries of the Southern Piedmont Inc ($88.4m) and MDRC ($83.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 9.6% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $4.6m (4.8% of expenses). Other salaries and wages came to $54.3m. At year end it held assets of $203.5m against liabilities of $31.6m, net assets of $171.9m. It reported 432 employees.