Bridge of Edgewood Corp

Analysis

Bridge of Edgewood Corp is a registered charity in United States, based in Edgewood, MD. It received its IRS tax-exemption ruling in January 2022, 4 years ago. Its declared purposes cover food, agriculture and nutrition, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bridge of Edgewood Corp reported income of $87k and spending of $80k, spending 92% of its income. Across the 3 years on record, from December 2021 to December 2023, income fell from $106k to $87k (-18%), an average of -9.2% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge of Edgewood Corp sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 33rd percentile, and in the 35th percentile within MD. Charities of a similar size with the same main cause include Kiwanis International Inc ($87k), Clayton Area Ministries Inc ($87k) and Shop with a Mascot Inc ($87k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $12k against liabilities of $0, net assets of $12k.