Digital Bridge Inc

Analysis

Digital Bridge Inc is a registered charity in United States, based in Milwaukee, WI. It received its IRS tax-exemption ruling in February 2015, 11 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Digital Bridge Inc reported income of $1.8m and spending of $1.8m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $458k to $1.8m (+283%), an average of +40% a year. The sharpest change came in the year to December 2021, when income rose by 65%. Over the whole period it spent 103% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Digital Bridge 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 85th percentile, and in the 85th percentile within WI. Charities of a similar size with the same main cause include Custom Collaborative ($1.8m), Hampton-Newport News Community Services Board Property Company ($1.8m) and Advance Community Outreach Center Inc ($1.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 41% and program service revenue 59% of the total. Compensation of current officers, directors and key employees was $80k (4.3% of expenses). Other salaries and wages came to $434k. At year end it held assets of $555k against liabilities of $373k, net assets of $182k. It reported 15 employees.