The Bridge Fund

Analysis

The Bridge Fund is a registered charity in United States, based in Vienna, VA. It received its IRS tax-exemption ruling in July 2002, 24 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, The Bridge Fund reported income of $1.0m and spending of $1.0m, spending 101% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.6m to $1.0m (-37%), an average of -11% a year. The sharpest change came in the year to December 2021, when income dropped by 30%. Over the whole period it spent 99% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, The Bridge Fund sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 80th percentile within VA. Charities of a similar size with the same main cause include Ms Breast Foundation ($1.0m), Cadillac Area Community Foundation ($1.0m) and The Change Agency ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $228k. At year end it held assets of $290k against liabilities of $67, net assets of $290k. It reported 2 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.