Red Bridge Education

Analysis

Red Bridge Education is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 2020, 6 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, Red Bridge Education reported income of $1.3m and spending of $1.2m, spending 92% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $594k to $1.3m (+114%), an average of +29% a year. The sharpest change came in the year to June 2023, when income rose by 70%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Red Bridge Education sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within CA. Charities of a similar size with the same main cause include Berks Latino Workforce Development Corporation ($1.3m), Decatur Christian School Inc ($1.3m) and San Luis Coastal Education Foundation ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 36% and program service revenue 63% of the total. Compensation of current officers, directors and key employees was $10k (0.9% of expenses). Other salaries and wages came to $607k. At year end it held assets of $423k against liabilities of $0, net assets of $423k. It reported 9 employees.