The Bridge Golf Foundation Inc

Analysis

The Bridge Golf Foundation Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in December 2015, 11 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, The Bridge Golf Foundation Inc reported income of $1.7m and spending of $1.2m, leaving 30% of income unspent that year. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $1.7m (+24%), an average of +5.4% a year. The sharpest change came in the year to August 2022, when income rose by 78%. Over the whole period it spent 67% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, The Bridge Golf Foundation Inc sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 81st percentile within NY. Charities of a similar size with the same main cause include Reach Out and Read Colorado ($1.7m), Young Storytellers Foundation ($1.7m) and Indiana 4-H Foundation ($1.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 99% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $151k (13% of expenses). Other salaries and wages came to $451k. At year end it held assets of $4.5m against liabilities of $724k, net assets of $3.8m. It reported 29 employees.