Bridges Community Economic Development Corp

Analysis

Bridges Community Economic Development Corp is a registered charity in United States, based in Carson, CA. It received its IRS tax-exemption ruling in May 2002, 24 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic 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 December 2023, Bridges Community Economic Development Corp reported income of $194k and spending of $188k, spending 97% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $188k to $194k (+3.5%), an average of +3.5% a year. Over the whole period it spent 97% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bridges Community Economic Development Corp sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 53rd percentile, and in the 55th percentile within CA. Charities of a similar size with the same main cause include Laurens County Humane Society ($194k), Restoration of Petersburg Community Development Corporation ($194k) and Inland Empire Economic Partnership Foundation ($194k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% and program service revenue 19% of the total. At year end it held assets of $31k against liabilities of $0, net assets of $31k.