Bridges Academy Austin LLC

Analysis

Bridges Academy Austin LLC is a registered charity in United States, based in Austin, TX. It received its IRS tax-exemption ruling in August 2022, 4 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 December 2023, Bridges Academy Austin LLC reported income of $768k and spending of $582k, leaving 24% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $417k to $768k (+84%), an average of +36% a year. The sharpest change came in the year to December 2022, when income rose by 67%. Over the whole period it spent 88% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridges Academy Austin LLC sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 80th percentile within TX. Charities of a similar size with the same main cause include The Lyceum ($768k), San Luis Obispo Career Technical Education Foundation ($768k) and Samaritan Hope Empowerment Services Inc ($768k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 5.9% and program service revenue 94% of the total. At year end it held assets of $259k against liabilities of $3,010, net assets of $256k. It reported 14 employees.