Naples Bridge Center Inc

Analysis

Naples Bridge Center Inc is a registered charity in United States, based in Naples, FL. It received its IRS tax-exemption ruling in August 2016, 10 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Naples Bridge Center Inc reported income of $444k and spending of $465k, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.3m to $444k (-65%), an average of -23% a year. The sharpest change came in the year to December 2020, when income dropped by 73%. Over the whole period it spent 78% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Naples Bridge Center Inc sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 71st percentile within FL. Charities of a similar size with the same main cause include Under the Rainbow Inc ($444k), Somerset Community College Foundation Inc ($444k) and Edwell Inc ($444k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 2.9% and program service revenue 96% of the total. At year end it held assets of $1.6m against liabilities of $0, net assets of $1.6m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.