Key Bridge Inc

Analysis

Key Bridge Inc is a registered charity in United States, based in Key West, FL. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover mental health and crisis intervention, which this site groups under health and saving lives. 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, Key Bridge Inc reported income of $482k and spending of $423k, spending 88% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $40k to $482k (+1120%), an average of +87% a year. The sharpest change came in the year to December 2020, when income dropped by 100%. Over the whole period it spent 95% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Key Bridge Inc sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 70th percentile, and in the 72nd percentile within FL. Charities of a similar size with the same main cause include Red Apple Center Inc ($482k), Best Behavioral Health ($482k) and Family Faith and Relationship Advocates ($482k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 6.2% and program service revenue 96% of the total. Compensation of current officers, directors and key employees was $168k (40% of expenses). Other salaries and wages came to $92k. At year end it held assets of $1.9m against liabilities of $342k, net assets of $1.6m. It reported 2 employees.