Bridge Year Educational Services Inc

Analysis

Bridge Year Educational Services Inc is a registered charity in United States, based in Veazie, ME. It received its IRS tax-exemption ruling in April 2015, 11 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Bridge Year Educational Services Inc reported income of $168k and spending of $365k, spending 217% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $324k to $168k (-48%), an average of -15% a year. The sharpest change came in the year to June 2024, when income rose by 234%. Over the whole period it spent 147% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridge Year Educational Services Inc sits at the 51st percentile: it is larger than about 51% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 43rd percentile within ME. Charities of a similar size with the same main cause include Adams Friendship Area Educational Foundation Inc ($168k), Parent-Teacher Organization of Nolensville Elementary ($168k) and Clark County Literacy Coalition ($168k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 89% of the total. Other salaries and wages came to $136k. At year end it held assets of $1.4m against liabilities of $754, net assets of $1.4m. It reported 3 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.