Footbridge

Analysis

Footbridge is a registered charity in United States, based in Lexington, NC. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover unknown, which this site groups under other charitable purposes. 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 December 2023, Footbridge reported income of $207k and spending of $263k, spending 127% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $647k to $207k (-68%), an average of -25% a year. The sharpest change came in the year to December 2020, when income dropped by 62%. Over the whole period it spent 78% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Footbridge sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 52nd percentile within NC. Charities of a similar size with the same main cause include The Georgetown Bulldog Booster Club ($207k), Proclaiming the Truth Inc ($207k) and Dtom 22 0 Foundation ($207k).

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 $408k against liabilities of $0, net assets of $408k.

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.