Building Bridges Foster Family Agency

Analysis

Building Bridges Foster Family Agency is a registered charity in United States, based in Ontario, CA. It received its IRS tax-exemption ruling in November 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Foster Family Agency reported income of $8.0m and spending of $7.8m, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.5m to $8.0m (+420%), an average of +51% a year. The sharpest change came in the year to December 2020, when income rose by 166%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Building Bridges Foster Family Agency sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Puyallup Food Bank ($8.0m), Crossroads Mission ($8.0m) and Tippecanoe County Child Care Inc ($8.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $255k (3.3% of expenses). Other salaries and wages came to $3.5m. At year end it held assets of $3.0m against liabilities of $1.4m, net assets of $1.5m. It reported 79 employees.