Bridges Academy

Analysis

Bridges Academy is a registered charity in United States, based in Studio City, CA. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridges Academy reported income of $12.8m and spending of $14.2m, spending 111% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $9.6m to $12.8m (+33%), an average of +7.4% a year. The sharpest change came in the year to June 2023, when income rose by 18%. Over the whole period it spent 99% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridges Academy 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 96th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include East Waco Innovative School Development Inc ($12.8m), Davinci Academy of Arts and Science ($12.8m) and Rosedale Technical College ($12.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 14% and program service revenue 84% of the total. Compensation of current officers, directors and key employees was $647k (4.5% of expenses). Other salaries and wages came to $7.6m. At year end it held assets of $16.5m against liabilities of $17.0m, net assets of -$459k. It reported 141 employees.