Bridge the Gap College Prep

Analysis

Bridge the Gap College Prep is a registered charity in United States, based in Sausalito, CA. It received its IRS tax-exemption ruling in May 2000, 26 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 August 2023, Bridge the Gap College Prep reported income of $2.7m and spending of $2.7m, spending 100% of its income. Across the 5 years on record, from August 2019 to August 2023, income grew from $1.4m to $2.7m (+87%), an average of +17% a year. The sharpest change came in the year to August 2021, when income rose by 40%. Over the whole period it spent 96% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Bridge the Gap College Prep sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 89th percentile within CA. Charities of a similar size with the same main cause include J Tech Institute Inc ($2.7m), Boys and Girls Club of the Olympic Peninsula ($2.7m) and Boys and Girls Club of Durant ($2.7m).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 83% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $324k (12% of expenses). Other salaries and wages came to $1.3m. At year end it held assets of $1.1m against liabilities of $141k, net assets of $1.0m. It reported 57 employees.