Bridges Public Charter School

Analysis

Bridges Public Charter School is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridges Public Charter School reported income of $16.8m and spending of $13.0m, leaving 23% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $13.5m to $16.8m (+25%), an average of +5.7% a year. The sharpest change came in the year to June 2023, when income rose by 25%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridges Public Charter School sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 92nd percentile within DC. Charities of a similar size with the same main cause include Boys Latin of Philadelphia Charter School ($16.8m), Association of Governing Boards of Universities and Colleges ($16.8m) and The Pepin Academies Inc ($16.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 22% and program service revenue 77% of the total. Compensation of current officers, directors and key employees was $357k (2.8% of expenses). Other salaries and wages came to $7.0m. At year end it held assets of $33.0m against liabilities of $17.5m, net assets of $15.5m. It reported 205 employees.