Bright Bridge Foundation

Analysis

Bright Bridge Foundation is a registered charity in United States, based in Pensacola, FL. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable 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, Bright Bridge Foundation reported income of $89k and spending of $80k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $2.2m to $89k (-96%), an average of -96% a year. The sharpest change came in the year to December 2023, when income dropped by 96%. Over the whole period it spent 7.0% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bright Bridge Foundation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 37th percentile within FL. Charities of a similar size with the same main cause include Seattle Synchronized Swim Team ($89k), Boston Street Railway Association ($89k) and Mt Vernon Youth Baseball Inc ($89k).

At year end it held assets of $2.2m against liabilities of $0, net assets of $2.2m.