The University of Bridgeport Inc

Analysis

The University of Bridgeport Inc is a registered charity in United States, based in East Hartford, CT. It received its IRS tax-exemption ruling in December 2021, 5 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 June 2023, The University of Bridgeport Inc reported income of $127.2m and spending of $113.6m, spending 89% of its income. Across the 3 years on record, from June 2021 to June 2023, income grew from $25.5m to $127.2m (+399%), an average of +123% a year. The sharpest change came in the year to June 2022, when income rose by 345%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, The University of Bridgeport Inc sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CT. Charities of a similar size with the same main cause include Saint Marys College ($127.1m), MC Daniel College Inc ($127.4m) and Webster University ($126.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.8% and program service revenue 87% of the total. Compensation of current officers, directors and key employees was $1.4m (1.2% of expenses). Other salaries and wages came to $33.6m. At year end it held assets of $62.0m against liabilities of $25.6m, net assets of $36.3m. It reported 1,364 employees.