Washoe Bridge Society

Analysis

Washoe Bridge Society is a registered charity in United States, based in Reno, NV. It received its IRS tax-exemption ruling in March 2019, 7 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 2023, Washoe Bridge Society reported income of $184k and spending of $223k, spending 121% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $640k to $184k (-71%), an average of -27% a year. The sharpest change came in the year to December 2021, when income rose by 135%. Over the whole period it spent 57% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Washoe Bridge Society sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 56th percentile within NV. Charities of a similar size with the same main cause include Venice Yacht Club Charitable Foundation ($184k), Bi-Stone Casa ($184k) and Worthy Purpose Inc ($184k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 26% and program service revenue 64% of the total. At year end it held assets of $567k against liabilities of $4,804, net assets of $562k.