Ourbridge Inc

Analysis

Ourbridge Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 August 2023, Ourbridge Inc reported income of $2.0m and spending of $2.1m, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $752k to $2.0m (+167%), an average of +28% a year. The sharpest change came in the year to August 2020, when income rose by 50%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Ourbridge Inc sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within NC. Charities of a similar size with the same main cause include Prepare and Prosper ($2.0m), Lincoln Hill Retirement Community ($2.0m) and Iwlc ($2.0m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $99k (4.8% of expenses). Other salaries and wages came to $993k. At year end it held assets of $549k against liabilities of $97k, net assets of $452k. It reported 51 employees.