Project Bridges Inc

Analysis

Project Bridges Inc is a registered charity in United States, based in Hyattsville, MD. It received its IRS tax-exemption ruling in January 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Project Bridges Inc reported income of $1.6m and spending of $1.6m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $856k to $1.6m (+87%), an average of +17% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Project Bridges Inc sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Chinatown Day Care Center Inc ($1.6m), Community Options Inc ($1.6m) and Hawaii Data Collaborative ($1.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 89% and program service revenue 11% of the total. Other salaries and wages came to $153k. At year end it held assets of $92k against liabilities of $0, net assets of $92k. It reported 5 employees.