Bridgeway Inc

Analysis

Bridgeway Inc is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in September 1977, 49 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, Bridgeway Inc reported income of $27.3m and spending of $25.2m, spending 92% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $22.3m to $27.3m (+23%), an average of +5.2% a year. The sharpest change came in the year to June 2021, when income rose by 27%. 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, Bridgeway Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Childrens Day School Inc ($27.3m), Richford Health Center Inc ($27.3m) and Western North Carolina Community Health Services Inc ($27.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 18% and program service revenue 82% of the total. Other salaries and wages came to $13.2m. At year end it held assets of $13.5m against liabilities of $2.1m, net assets of $11.4m. It reported 611 employees.