Bridges Preparatory Academy

Analysis

Bridges Preparatory Academy is a registered charity in United States, based in Compton, CA. 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, Bridges Preparatory Academy reported income of $2.4m and spending of $2.0m, spending 83% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $1.7m to $2.4m (+41%), an average of +41% a year. The sharpest change came in the year to June 2023, when income rose by 41%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridges Preparatory Academy sits at the 83rd percentile: it is larger than about 83% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 88th percentile within CA. Charities of a similar size with the same main cause include Fulton Education Foundation Inc ($2.4m), Rising Phoenix Enrichment Program Inc ($2.4m) and Martinsburg Public Library Comm a Corp Created by Ord of Council ($2.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $189k (9.6% of expenses). Other salaries and wages came to $750k. At year end it held assets of $1.4m against liabilities of $753k, net assets of $627k. It reported 22 employees.