Footbridge Foundation Inc

Analysis

Footbridge Foundation Inc is a registered charity in United States, based in San Antonio, TX. It received its IRS tax-exemption ruling in July 2018, 8 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, Footbridge Foundation Inc reported income of $431k and spending of $430k, spending 100% of its income. Across the 3 years on record, from December 2021 to December 2023, income grew from $262k to $431k (+64%), an average of +28% a year. The sharpest change came in the year to December 2022, when income rose by 46%. Over the whole period it spent 98% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Footbridge Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 68th percentile, and in the 72nd percentile within TX. Charities of a similar size with the same main cause include The Goodell Project ($430k), Hearts to Homes Furnishings Inc ($431k) and Parris Foundation ($429k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 62% and program service revenue 22% of the total. At year end it held assets of $176k against liabilities of $181k, net assets of -$5,355.