Bridgeman Charitable Group Inc

Analysis

Bridgeman Charitable Group Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in May 2015, 11 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a private non-operating foundation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bridgeman Charitable Group Inc reported income of $322k and spending of $241k, leaving 25% of income unspent that year. Across the 6 years on record, from December 2018 to December 2023, income fell from $2.9m to $322k (-89%), an average of -36% a year. The sharpest change came in the year to December 2021, when income dropped by 79%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bridgeman Charitable Group Inc sits at the 67th percentile: it is larger than about 67% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 63rd percentile within KY. Charities of a similar size with the same main cause include Future Project Inc ($322k), Espiration Foundation ($323k) and Friends of Central Jewish Welfare Organization of Antwerp Inc ($322k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $153k against liabilities of $0, net assets of $153k.