Highbridge Facilities LLC

Analysis

Highbridge Facilities LLC is a registered charity in United States, based in Bronx, NY. It received its IRS tax-exemption ruling in May 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a supporting organisation (type iii other) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Highbridge Facilities LLC reported income of $5.0m and spending of $3.6m, leaving 28% of income unspent that year. Across the 2 years on record, from June 2022 to June 2023, income grew from $3.2m to $5.0m (+56%), an average of +56% a year. The sharpest change came in the year to June 2023, when income rose by 56%. Over the whole period it spent 85% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Highbridge Facilities LLC sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 89th percentile within NY. Charities of a similar size with the same main cause include Verano Learning Partners ($5.0m), American Nurses Foundation Inc ($5.0m) and Hellenic American University Inc ($5.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 10% of the total. At year end it held assets of $137.3m against liabilities of $136.0m, net assets of $1.3m.