Building Bridges Development Corporation

Analysis

Building Bridges Development Corporation is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in February 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 supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Building Bridges Development Corporation reported income of $9.4m and spending of $738k, leaving 92% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $500k to $9.4m (+1784%), an average of +108% a year. The sharpest change came in the year to December 2022, when income rose by 3107%. Over the whole period it spent 61% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Building Bridges Development Corporation sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Sun N Fun Fly in Inc ($9.4m), Museum of New Mexico Foundation ($9.4m) and New England Public Media Inc ($9.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $26.0m against liabilities of $21.9m, net assets of $4.0m.