211 Bridge Street Corporation

Analysis

211 Bridge Street Corporation is a registered charity in United States, based in Salem, MA. It received its IRS tax-exemption ruling in May 2016, 10 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, 211 Bridge Street Corporation reported income of $101k and spending of $142k, spending 140% of what it took in. Across the 5 years on record, from May 2019 to May 2023, income grew from $71k to $101k (+42%), an average of +9.2% a year. The sharpest change came in the year to May 2020, when income rose by 122%. Over the whole period it spent 118% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, 211 Bridge Street Corporation sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 44th percentile within MA. Charities of a similar size with the same main cause include Chatham Community Players Inc ($101k), Textile Society of America Inc ($101k) and Kinetic Ensemble ($101k).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 38% and program service revenue 19% of the total. Other salaries and wages came to $1,032. At year end it held assets of $1.4m against liabilities of $1,617, net assets of $1.4m.

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.