Bridgemusik Inc

Analysis

Bridgemusik Inc is a registered charity in United States, based in Tappan, NY. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Bridgemusik Inc reported income of $59k and spending of $59k, spending 101% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $46k to $59k (+27%), an average of +28% a year. The sharpest change came in the year to December 2023, when income rose by 27%. Over the whole period it spent 94% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bridgemusik Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 23rd percentile, and in the 25th percentile within NY. Charities of a similar size with the same main cause include Rising Artist Foundation Inc ($59k), Union Mills Learning Center Inc ($59k) and Sufi Community Center ($59k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $11k against liabilities of $1,240, net assets of $9,711.