Bridgeway Foundation

Analysis

Bridgeway Foundation is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in December 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 Foundation reported income of $1.5m and spending of $969k, leaving 37% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.5m to $1.5m (-0.8%), an average of -0.2% a year. Over the whole period it spent 64% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridgeway Foundation sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within IL. Charities of a similar size with the same main cause include Military Historical Society of Minnesota Inc ($1.5m), Hope Center Inc ($1.5m) and Kalmar Nyckel Foundation ($1.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.5% and program service revenue 80% of the total. At year end it held assets of $17.8m against liabilities of $353k, net assets of $17.5m.