Bridges BTC Inc

Analysis

Bridges BTC Inc is a registered charity in United States, based in Rockledge, FL. It received its IRS tax-exemption ruling in April 1958, 68 years ago. 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 September 2023, Bridges BTC Inc reported income of $5.8m and spending of $5.9m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $4.1m to $5.8m (+42%), an average of +9.2% a year. The sharpest change came in the year to September 2023, when income rose by 26%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridges BTC Inc 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 93rd percentile, and in the 94th percentile within FL. Charities of a similar size with the same main cause include Universities Research Association Inc ($5.8m), The Hospice Foundation of Martin & St Lucie Inc ($5.8m) and Oakbrook Preparatory School ($5.8m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.5% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $127k (2.1% of expenses). Other salaries and wages came to $3.6m. At year end it held assets of $2.5m against liabilities of $1.1m, net assets of $1.5m. It reported 98 employees.