Bridges Community Development Corporation

Analysis

Bridges Community Development Corporation is a registered charity in United States, based in Baltimore, MD. It received its IRS tax-exemption ruling in October 2016, 10 years ago. Its declared purposes cover youth development, which this site groups under children and youth 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 2022, Bridges Community Development Corporation reported income of $1.7m and spending of $95k, leaving 94% of income unspent that year. Across the 2 years on record, from December 2021 to December 2022, income grew from $79k to $1.7m (+2024%), an average of +2024% a year. The sharpest change came in the year to December 2022, when income rose by 2024%. Over the whole period it spent 9.1% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bridges Community Development Corporation sits at the 91st percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 83rd percentile within MD. Charities of a similar size with the same main cause include Youth Justice Coalition ($1.7m), Indiana 4-H Foundation ($1.7m) and Victory for Youth Inc ($1.7m).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $19k. At year end it held assets of $2.1m against liabilities of $453k, net assets of $1.6m. It reported 2 employees.