Bridge Rockford Alliance

Analysis

Bridge Rockford Alliance is a registered charity in United States, based in Rockford, IL. It received its IRS tax-exemption ruling in January 2014, 12 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 September 2023, Bridge Rockford Alliance reported income of $137k and spending of $254k, spending 184% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $115k to $137k (+20%), an average of +4.7% a year. The sharpest change came in the year to September 2021, when income rose by 79%. Over the whole period it spent 131% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bridge Rockford Alliance sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 45th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include Tourism Recreation Investment Partnership for DC Foundation ($137k), International Hug Foundation ($138k) and Turn Inc ($137k).

On its Form 990 for the period ending September 2023, revenue came from program service revenue 100% of the total. At year end it held assets of $2.1m against liabilities of $1.9m, net assets of $133k.