Bridgeport Generation Now Inc

Analysis

Bridgeport Generation Now Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in January 2017, 9 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 September 2023, Bridgeport Generation Now Inc reported income of $216k and spending of $150k, leaving 31% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income grew from $135k to $216k (+60%), an average of +12% a year. The sharpest change came in the year to September 2023, when income rose by 64%. Over the whole period it spent 80% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bridgeport Generation Now Inc sits at the 52nd percentile: it is larger than about 52% of them. Against every charity in United States with reported income it ranks in the 55th percentile, and in the 53rd percentile within CT. Charities of a similar size with the same main cause include Junior League of Waco Texas Inc ($216k), El-Shaddai Refuge Homes Community Development Corporation ($216k) and Twin Forks Rising Community Development Corporation ($216k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 97% of the total. Other salaries and wages came to $32k. At year end it held assets of $146k against liabilities of $0, net assets of $146k. It reported 1 employees.