WNC Bridge Foundation

Analysis

WNC Bridge Foundation is a registered charity in United States, based in Asheville, NC. It received its IRS tax-exemption ruling in August 2004, 22 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, WNC Bridge Foundation reported income of $4.5m and spending of $8.1m, spending 180% of what it took in. Across the 6 years on record, from September 2019 to December 2023, income fell from $17.6m to $4.5m (-75%), an average of -24% a year. The sharpest change came in the year to December 2019, when income rose by 103%. Over the whole period it spent 59% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, WNC Bridge Foundation sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Disease Management Network Inc ($4.5m), Notley Foundation ($4.5m) and Hometown Foundation Inc ($4.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 25% of the total. Compensation of current officers, directors and key employees was $258k (3.2% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $127.5m against liabilities of $11.2m, net assets of $116.3m. It reported 47 employees.