Bridge Project Inc

Analysis

Bridge Project Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in May 2022, 4 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 Project Inc reported income of $8.6m and spending of $9.2m, spending 106% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $5.4m to $8.6m (+61%), an average of +61% a year. The sharpest change came in the year to December 2023, when income rose by 61%. Over the whole period it spent 93% 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 Project Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 92nd percentile within NY. Charities of a similar size with the same main cause include Steve Stricker American Family Insurance Foundation Inc ($8.6m), Propel Nonprofits ($8.6m) and Cherokee Preservation Foundation Inc ($8.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $80k (0.9% of expenses). Other salaries and wages came to $219k. At year end it held assets of $1.0m against liabilities of $72k, net assets of $961k. It reported 7 employees.