Bridges of Greater New York Inc

Analysis

Bridges of Greater New York Inc is a registered charity in United States, based in Orlando, FL. It received its IRS tax-exemption ruling in April 2005, 21 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, Bridges of Greater New York Inc reported income of $2.1m and spending of $2.2m, spending 105% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $867k to $2.1m (+137%), an average of +24% a year. The sharpest change came in the year to December 2023, when income rose by 72%. Over the whole period it spent 108% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bridges of Greater New York Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 88th percentile within FL. Charities of a similar size with the same main cause include United Way of Jackson County Inc ($2.1m), Issa Charities ($2.1m) and Ucross Foundation ($2.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 0.2% of the total. Other salaries and wages came to $960k. At year end it held assets of $1.1m against liabilities of $2.7m, net assets of -$1.6m. It reported 48 employees.

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.