City of Bridges Foundation

Analysis

City of Bridges Foundation is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in February 2020, 6 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 (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, City of Bridges Foundation reported income of $193k and spending of $188k, spending 97% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $66k to $193k (+193%), an average of +43% a year. The sharpest change came in the year to December 2021, when income rose by 130%. Over the whole period it spent 97% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, City of Bridges Foundation sits at the 59th percentile: it is larger than about 59% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 51st percentile within PA. Charities of a similar size with the same main cause include Transformative Culture Project Inc ($193k), Taste of Talent Inc ($193k) and Dakota Prairie Regional Center for the Arts ($193k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $23k (12% of expenses). Other salaries and wages came to $24k. At year end it held assets of $22k against liabilities of $0, net assets of $22k. It reported 2 employees.