Building Bridges

Analysis

Building Bridges is a registered charity in United States, based in Troy, MI. It received its IRS tax-exemption ruling in November 1999, 27 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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, Building Bridges reported income of $288k and spending of $243k, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $388k to $288k (-26%), an average of -7.2% a year. The sharpest change came in the year to December 2022, when income dropped by 21%. Over the whole period it spent 90% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Building Bridges sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 61st percentile within MI. Charities of a similar size with the same main cause include Loveworks Leadership LLC ($288k), Catalyst Community Development Corporation ($288k) and Delaware Youth Soccer Association ($287k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 82% of the total. At year end it held assets of $1.1m against liabilities of $99k, net assets of $1.0m.