Bridgeway Academy

Analysis

Bridgeway Academy is a registered charity in United States, based in Columbus, OH. It received its IRS tax-exemption ruling in August 2007, 19 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2023, Bridgeway Academy reported income of $13.4m and spending of $10.5m, leaving 22% of income unspent that year. Across the 5 years on record, from May 2019 to May 2023, income grew from $10.4m to $13.4m (+29%), an average of +6.6% a year. The sharpest change came in the year to May 2021, when income rose by 21%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridgeway Academy 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 96th percentile, and in the 96th percentile within OH. Charities of a similar size with the same main cause include New York City Mission Society ($13.4m), Families & Youth Inc ($13.4m) and Serving Seniors ($13.4m).

On its Form 990 for the period ending May 2023, revenue came from contributions and grants 20% and program service revenue 78% of the total. Compensation of current officers, directors and key employees was $322k (3.1% of expenses). Other salaries and wages came to $7.1m. At year end it held assets of $14.1m against liabilities of $7.3m, net assets of $6.7m. It reported 326 employees.