Bridging Virginia Inc

Analysis

Bridging Virginia Inc is a registered charity in United States, based in Richmond, VA. It received its IRS tax-exemption ruling in September 2021, 5 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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, Bridging Virginia Inc reported income of $885k and spending of $596k, leaving 33% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income grew from $10k to $885k (+8749%), an average of +841% a year. The sharpest change came in the year to December 2022, when income rose by 6218%. Over the whole period it spent 54% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bridging Virginia Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include Government Training Services Inc ($885k), Mainstreet Waynesboro Inc ($886k) and Contentment Place Communcities Corporation ($885k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 90% and program service revenue 9.2% of the total. Compensation of current officers, directors and key employees was $150k (25% of expenses). Other salaries and wages came to $57k. At year end it held assets of $1.1m against liabilities of $384k, net assets of $683k. It reported 2 employees.