Purple People Bridge Company

Analysis

Purple People Bridge Company is a registered charity in United States, based in Newport, KY. It received its IRS tax-exemption ruling in May 2004, 22 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Purple People Bridge Company reported income of $273k and spending of $192k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income fell from $345k to $273k (-21%), an average of -11% a year. Over the whole period it spent 98% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Purple People Bridge Company sits at the 66th percentile: it is larger than about 66% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within KY. Charities of a similar size with the same main cause include RBF Dome NFP ($272k), Makoto Taiko ($273k) and Marine Mills Folk School ($272k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 27% and program service revenue 64% of the total. At year end it held assets of $65k against liabilities of $14k, net assets of $51k.