Bridges Academy

Analysis

Bridges Academy is a registered charity in United States, based in West Islip, NY. It received its IRS tax-exemption ruling in April 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 Academy reported income of $4.5m and spending of $3.8m, spending 85% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.7m to $4.5m (+64%), an average of +13% a year. The sharpest change came in the year to June 2021, when income rose by 48%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridges Academy sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Online News Association ($4.5m), Wyatt Academy ($4.5m) and Princeton Friends School ($4.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $536k (14% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.7m against liabilities of $1.5m, net assets of $2.1m. It reported 51 employees.