Cornwall Bridge Ideas Inc

Analysis

Cornwall Bridge Ideas Inc is a registered charity in United States, based in Cornwall BRG, CT. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Cornwall Bridge Ideas Inc reported income of $85k and spending of $5,933, leaving 93% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $10k to $85k (+735%), an average of +735% a year. The sharpest change came in the year to December 2023, when income rose by 735%. Over the whole period it spent 62% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Cornwall Bridge Ideas Inc sits at the 37th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 31st percentile within CT. Charities of a similar size with the same main cause include Accuracy in Academia Inc ($85k), Silver Creek Organization for Performing Arts ($85k) and Worcester County Saint Patricks Parade Inc ($85k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 6.5% of the total. At year end it held assets of $18k against liabilities of $0, net assets of $18k.