Bridge Investment Community Development Corporation

Analysis

Bridge Investment Community Development Corporation is a registered charity in United States, based in Rock Island, IL. It received its IRS tax-exemption ruling in March 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, Bridge Investment Community Development Corporation reported income of $932k and spending of $208k, leaving 78% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $205k to $932k (+354%), an average of +46% a year. The sharpest change came in the year to December 2020, when income rose by 210%. Over the whole period it spent 33% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bridge Investment Community Development Corporation sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within IL. Charities of a similar size with the same main cause include Upward-Unitingprofessionalwomen Acceleratingrelationships& ($931k), Project H O M E ($932k) and Omaha Sheet Metal Workers Training and Education Fund ($931k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 11% of the total. At year end it held assets of $3.4m against liabilities of $1.0m, net assets of $2.4m.