Bridge Center of Hampton Roads

Analysis

Bridge Center of Hampton Roads is a registered charity in United States, based in Chesapeake, VA. It received its IRS tax-exemption ruling in July 2013, 13 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 December 2023, Bridge Center of Hampton Roads reported income of $51k and spending of $40k, leaving 23% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $46k to $51k (+11%), an average of +5.3% a year. The sharpest change came in the year to December 2023, when income rose by 30%. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bridge Center of Hampton Roads sits at the 21st percentile: it is larger than about 21% of them. Against every charity in United States with reported income it ranks in the 20th percentile, and in the 19th percentile within VA. Charities of a similar size with the same main cause include Horace Mann-Ambridge Improvement Organization Inc ($51k), Btvignite Inc ($52k) and Colorado Womens Bar Association Foundation ($51k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 73% of the total. At year end it held assets of $38k against liabilities of $0, net assets of $38k.