Bridge Forward Inc

Analysis

Bridge Forward Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in November 2021, 5 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Bridge Forward Inc reported income of $120k and spending of $141k, spending 118% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income fell from $238k to $120k (-50%), an average of -50% a year. The sharpest change came in the year to December 2023, when income dropped by 50%. Over the whole period it spent 109% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Bridge Forward Inc sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 42nd percentile, and in the 47th percentile within MA. Charities of a similar size with the same main cause include Education Foundation of the Osage Community Schools ($120k), Beanies for St Jude ($120k) and Building Industry Charitable Foundation Inc ($120k).

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 $8,806 against liabilities of $0, net assets of $8,806.