Bridge of Books Foundation Inc

Analysis

Bridge of Books Foundation Inc is a registered charity in United States, based in Rumson, NJ. It received its IRS tax-exemption ruling in November 2005, 21 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Bridge of Books Foundation Inc reported income of $71k and spending of $53k, leaving 25% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $52k to $71k (+35%), an average of +35% a year. The sharpest change came in the year to June 2023, when income rose by 35%. Over the whole period it spent 74% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bridge of Books Foundation Inc sits at the 31st percentile: it is larger than about 31% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 35th percentile within NJ. Charities of a similar size with the same main cause include North Shore Dance & Theater Ltd ($71k), The Thorpe Inc ($71k) and Good Footage Productions Inc ($71k).

On its Form 990-EZ for the period ending June 2023, revenue came from contributions and grants 91% of the total. At year end it held assets of $85k against liabilities of $0, net assets of $85k.