Bridges Preparatory School

Analysis

Bridges Preparatory School is a registered charity in United States, based in Beaufort, SC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridges Preparatory School reported income of $15.2m and spending of $15.2m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.5m to $15.2m (+132%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 54%. Over the whole period it spent 93% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridges Preparatory School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within SC. Charities of a similar size with the same main cause include Gideon Hausner Jewish Day School ($15.2m), Atlanta Neighborhood Charter School Inc ($15.2m) and Maumee Valley Country Day School ($15.2m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 3.1% of the total. Compensation of current officers, directors and key employees was $166k (1.1% of expenses). Other salaries and wages came to $8.1m. At year end it held assets of $41.4m against liabilities of $33.9m, net assets of $7.5m. It reported 192 employees.