Bridge Preparatory Charter School

Analysis

Bridge Preparatory Charter School is a registered charity in United States, based in Staten Island, NY. It received its IRS tax-exemption ruling in August 2019, 7 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, Bridge Preparatory Charter School reported income of $7.5m and spending of $5.2m, leaving 30% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $217k to $7.5m (+3337%), an average of +142% a year. The sharpest change came in the year to June 2020, when income rose by 1358%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridge Preparatory Charter School sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Iowa High School Athleticassociation ($7.5m), Green Tech High Charter School ($7.5m) and Urban Charter Schools Collective ($7.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $417k (7.9% of expenses). Other salaries and wages came to $3.0m. At year end it held assets of $6.9m against liabilities of $519k, net assets of $6.4m. It reported 46 employees.