Digibridge Inc

Analysis

Digibridge Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Digibridge Inc reported income of $1.6m and spending of $1.4m, spending 86% of its income. Across the 5 years on record, from December 2019 to June 2023, income grew from $421k to $1.6m (+275%), an average of +39% a year. The sharpest change came in the year to June 2022, when income rose by 128%. Over the whole period it spent 71% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Digibridge Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 85th percentile within NC. Charities of a similar size with the same main cause include Micds Scholarship Fund ($1.6m), Wichita Public Library Foundation Inc ($1.6m) and Crafton Hills College Foundation ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% and program service revenue 16% of the total. Compensation of current officers, directors and key employees was $94k (6.9% of expenses). Other salaries and wages came to $404k. At year end it held assets of $1.5m against liabilities of $10k, net assets of $1.5m. It reported 8 employees.