Elevate Bridgeport Inc

Analysis

Elevate Bridgeport Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in July 2020, 6 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2024, Elevate Bridgeport Inc reported income of $880k and spending of $805k, spending 91% of its income. Across the 3 years on record, from June 2022 to June 2024, income grew from $353k to $880k (+149%), an average of +58% a year. The sharpest change came in the year to June 2023, when income rose by 153%. Over the whole period it spent 75% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Elevate Bridgeport Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 76th percentile within CT. Charities of a similar size with the same main cause include Tampa Bay Pipe Trades Jatc ($880k), Massachusetts Association of TCHRS of Speakers of Other Languages Inc ($881k) and Pi Beta Phi Foundation for Scholarships ($880k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $610k against liabilities of $570, net assets of $609k. It reported 9 employees.