Bridgefort Inc

Analysis

Bridgefort Inc is a registered charity in United States, based in Detroit, MI. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bridgefort Inc reported income of $1.4m and spending of $1.0m, leaving 24% of income unspent that year. Across the 6 years on record, from September 2018 to September 2023, income grew from $660k to $1.4m (+109%), an average of +16% a year. The sharpest change came in the year to September 2019, when income rose by 36%. Over the whole period it spent 78% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bridgefort Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 83rd percentile within MI. Charities of a similar size with the same main cause include The Victim Center Inc ($1.4m), Community Clinic of Shelbyville and Bedford County Inc ($1.4m) and Chester County Commission on Alcohol and Drug Abuse ($1.4m).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $177k (17% of expenses). Other salaries and wages came to $600k. At year end it held assets of $1.4m against liabilities of $42k, net assets of $1.4m. It reported 13 employees.