Bridges Impact Foundation

Analysis

Bridges Impact Foundation is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bridges Impact Foundation reported income of $846k and spending of $914k, spending 108% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.2m to $846k (-27%), an average of -7.7% a year. The sharpest change came in the year to December 2022, when income rose by 196%. Over the whole period it spent 86% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bridges Impact Foundation sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 77th percentile within MA. Charities of a similar size with the same main cause include Greater Houston Community Foundation ($846k), Staten Island NFP Association Inc ($848k) and Faithful Journey Foundation ($846k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 54% and program service revenue 45% of the total. Compensation of current officers, directors and key employees was $178k (19% of expenses). Other salaries and wages came to $428k. At year end it held assets of $689k against liabilities of $142k, net assets of $547k. It reported 6 employees.