Center for Bridging Cultures Inc

Analysis

Center for Bridging Cultures Inc is a registered charity in United States, based in McLean, VA. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Center for Bridging Cultures Inc reported income of $1.1m and spending of $841k, leaving 26% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $837k to $1.1m (+35%), an average of +35% a year. The sharpest change came in the year to December 2023, when income rose by 35%. Over the whole period it spent 68% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Center for Bridging Cultures Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 81st percentile within VA. Charities of a similar size with the same main cause include The Randolph Christian School Society Inc ($1.1m), Center for Teaching and Learning ($1.1m) and Emenike-Ogunnaike Charitable Foundation Inc ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $158k (19% of expenses). Other salaries and wages came to $24k. At year end it held assets of $811k against liabilities of $186k, net assets of $625k. It reported 2 employees.