Bridgeways

Analysis

Bridgeways is a registered charity in United States, based in Everett, WA. It received its IRS tax-exemption ruling in March 1983, 43 years ago. 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, Bridgeways reported income of $6.6m and spending of $6.6m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $6.0m to $6.6m (+11%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 96% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridgeways sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 95th percentile within WA. Charities of a similar size with the same main cause include Campesinos Unidos ($6.6m), Habitat for Humanity International Inc ($6.6m) and Goodwill Industries of Lorain County Inc ($6.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $377k (5.7% of expenses). Other salaries and wages came to $3.8m. At year end it held assets of $4.7m against liabilities of $2.6m, net assets of $2.0m. It reported 104 employees.