Bridlewaves

Analysis

Bridlewaves is a registered charity in United States, based in Gainesville, VA. It received its IRS tax-exemption ruling in February 2001, 25 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 December 2023, Bridlewaves reported income of $51k and spending of $59k, spending 115% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $55k to $51k (-7.3%), an average of -7.3% a year. Over the whole period it spent 104% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bridlewaves sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Greenville Junior Golf ($51k), Center for Mind & Esteem Development Inc ($51k) and Miami South BMX Inc ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 4.1% and program service revenue 89% of the total. At year end it held assets of $8,273 against liabilities of $0, net assets of $8,273.