Arts Bridging the Gap

Analysis

Arts Bridging the Gap is a registered charity in United States, based in W Hollywood, CA. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Arts Bridging the Gap reported income of $406k and spending of $255k, leaving 37% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $352k to $406k (+16%), an average of +16% a year. The sharpest change came in the year to December 2023, when income rose by 16%. Over the whole period it spent 78% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Arts Bridging the Gap sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 69th percentile within CA. Charities of a similar size with the same main cause include Paseo Project Inc ($406k), Missouri Falun Dafa Association ($406k) and Music in World Cultures Inc ($406k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 88% and program service revenue 12% of the total. Compensation of current officers, directors and key employees was $94k (37% of expenses). At year end it held assets of $183k against liabilities of $10, net assets of $183k.