Bridgeway Center Inc

Analysis

Bridgeway Center Inc is a registered charity in United States, based in Fort Walton Beach, FL. It received its IRS tax-exemption ruling in January 1970, 56 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 June 2023, Bridgeway Center Inc reported income of $14.6m and spending of $13.3m, spending 91% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $11.3m to $14.6m (+29%), an average of +6.6% a year. The sharpest change came in the year to June 2023, when income rose by 28%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridgeway Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 97th percentile within FL. Charities of a similar size with the same main cause include Covenant Living of Keene ($14.6m), Legal Aid Society of the District of Columbia ($14.6m) and Center for the Study of Social Policy ($14.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 42% and program service revenue 56% of the total. Compensation of current officers, directors and key employees was $758k (5.7% of expenses). Other salaries and wages came to $5.5m. At year end it held assets of $10.3m against liabilities of $3.2m, net assets of $7.1m. It reported 203 employees.