Bridges USA Inc

Analysis

Bridges USA Inc is a registered charity in United States, based in Memphis, TN. It received its IRS tax-exemption ruling in March 1985, 41 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, Bridges USA Inc reported income of $322k and spending of $1.1m, spending 351% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $705k to $322k (-54%), an average of -23% a year. The sharpest change came in the year to June 2021, when income dropped by 42%. Over the whole period it spent 212% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridges USA Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 64th percentile within TN. Charities of a similar size with the same main cause include Community Youth Center Inc ($322k), Kansas School for the Deaf Endowment Association ($322k) and YWCA of El Paso Foundation ($322k).

At year end it held assets of $20.1m against liabilities of $1.6m, net assets of $18.5m.

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.