Building Bridges Across the River

Analysis

Building Bridges Across the River is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in June 1997, 29 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, Building Bridges Across the River reported income of $13.8m and spending of $9.6m, leaving 30% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income fell from $15.5m to $13.8m (-11%), an average of -2.9% a year. The sharpest change came in the year to December 2021, when income rose by 101%. Over the whole period it spent 62% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Building Bridges Across the River sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 90th percentile within DC. Charities of a similar size with the same main cause include National Coalition for Asian Pacific American Community Dev ($13.7m), Downtown Streets Inc ($13.8m) and Eastern Carolina Vocational Center Inc ($13.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $406k (4.2% of expenses). Other salaries and wages came to $2.8m. At year end it held assets of $65.5m against liabilities of $5.3m, net assets of $60.2m. It reported 64 employees.