City of Bridges

Analysis

City of Bridges is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in March 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, City of Bridges reported income of $585k and spending of $431k, leaving 26% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $319k to $585k (+83%), an average of +83% a year. The sharpest change came in the year to June 2023, when income rose by 83%. Over the whole period it spent 74% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, City of Bridges sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 71st percentile within PA. Charities of a similar size with the same main cause include NW Collegiate Ministries ($585k), Renton Schools Foundation ($585k) and Unite Here Local 274 Scholarship Fund ($585k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 76% of the total. Compensation of current officers, directors and key employees was $65k (15% of expenses). Other salaries and wages came to $194k. At year end it held assets of $724k against liabilities of $472k, net assets of $252k. It reported 12 employees.