Community Bridge

Analysis

Community Bridge is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in June 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Bridge reported income of $559k and spending of $540k, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $273k to $559k (+105%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 51%. Over the whole period it spent 96% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Community Bridge sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within MN. Charities of a similar size with the same main cause include One Community USA ($558k), Lime Foundation ($559k) and Greater Burlington Area Sports Complex ($558k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 22% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $33k (6.1% of expenses). At year end it held assets of $236k against liabilities of $23k, net assets of $213k. It reported 24 employees.