Family Bridges Inc

Analysis

Family Bridges Inc is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in May 1971, 55 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 June 2023, Family Bridges Inc reported income of $8.9m and spending of $9.3m, spending 105% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $7.8m to $8.9m (+14%), an average of +3.4% a year. The sharpest change came in the year to June 2022, when income rose by 47%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Family Bridges Inc sits at the 95th percentile: it is larger than about 95% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within CA. Charities of a similar size with the same main cause include Mercy Hospital Healdton Inc ($8.9m), Hrca Housing for Elderly Inc ($8.9m) and Afl-Cio Appalachian Council Inc ($8.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 26% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $957k (10% of expenses). Other salaries and wages came to $4.8m. At year end it held assets of $14.3m against liabilities of $2.3m, net assets of $12.0m. It reported 139 employees.