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Bridgeway Capital
Bridgeway Capital reported $14.1 million in revenue and $11.4 million in expenses for the fiscal year ending September 30, 2025. Of every $100 it spent, $80.98 went to program services, $16.09 to management and general costs and $2.93 to fundraising. Its largest source of revenue was contributions and grants: 52.7% of the total. Government grants made up 36.2%. The highest compensation it reported for one person was $283,409 (PRESIDENT & CEO). 10 people received more than $100,000 in reportable compensation. Revenue rose 2% between FY2020 and FY2025. Source: Form 990, FY2025.
Where $100 of spending went
The fiscal year ending September 30, 2025 · Form 990, Part IX, line 25 · total expenses $11MFor context, the median across 479 covered community improvement & capacity building charities: $90.45 programs, $9.31 management, $0.24 fundraising (medians computed separately, so they may not sum to $100).
Where $100 of revenue came from
The fiscal year ending September 30, 2025 · Form 990, Part VIII · total revenue $14MThe 990 scorecard · same measures for every charity, no grades
| Measure | FY2025 | Median |
|---|---|---|
| Program services Part IX 25(B) ÷ 25(A) | 81.0% | 89.1% |
| Management & general Part IX 25(C) ÷ 25(A) | 16.1% | 9.2% |
| Fundraising Part IX 25(D) ÷ 25(A) | 2.9% | 0.2% |
| Fundraising cost per $1 of contributions Part IX 25(D) ÷ Part VIII 1h | $0.04 | $0.00 |
| Contributions & grants share of revenue Part VIII 1h ÷ 12 | 52.7% | 80.1% |
| Government grants share of revenue Part VIII 1e ÷ 12 | 36.2% | 14.9% |
| Program service revenue share Part VIII 2g ÷ 12 | 38.2% | 11.9% |
| Highest reported compensation Part VII-A, columns D–F | $283,409 | $291,103 |
| Highest compensation as share of expenses Part VII-A ÷ Part IX 25(A) | 2.49% | 1.49% |
| People paid over $100,000 Part VII, line 2 | 10 | 5 |
| Net assets, in months of expenses Part X 33(B) ÷ monthly expenses | 74.1 | 9.2 |
| Independent voting board members Part VI 1a–1b | 13 of 14 | 100.0% |
A median is context, not a target: hospitals, universities, food banks and grantmakers spend in very different ways. What these measures can and can't tell you.
What the money paid for, in its own words
FY2025 · Form 990, Part III · the three largest programs by expenseLending by Bridgeway Capital benefited low income people and assisted in the formation and growth of small businesses and nonprofit organizations in low to moderate income communities across 15 counties in western pennsylvania and parts of northern west virginia and eastern ohio. 68 borrowers received loans totaling $22 million, which leveraged $39 million in additional capital. Borrowers ranged from entrepreneurs starting their first business to established businesses expanding operations and developing their job base, to nonprofits providing critical social services and organizations…
Bridgeway Capital's programs team leads a number of efforts that serve a wide range of small businesses and nonprofit organizations. In FY25, bridgeway provided support to 360 clients. The assistance came primarily in the form of one on one and cohort based services. For example, bridgeway executed a wide range of cohorts for varied emerging and established businesses, consisting of 14 total cohorts in seven locations in ohio, west virginia, and pennsylvania. Included among them, the alliance for creative rural economies (acre) cohorts served groups of creative entrepreneurs from state…
Highest reported compensation
FY2025 · Form 990, Part VII, Section A · roles as filed; names are in the filing, not here| Role | From this org | From related orgs | Other | Total |
|---|---|---|---|---|
| PRESIDENT & CEO Director/trustee, officer, 39.00 hrs/week | $231,145 | $0 | $52,264 | $283,409 |
| CHIEF IMPACT INVESTMENT OFFICER Officer, 39.00 hrs/week | $191,988 | $0 | $33,359 | $225,347 |
| & DEVELOPMENT OFFICER Highest compensated employee, 40.00 hrs/week | $147,760 | $0 | $38,540 | $186,300 |
| CHIEF FINANCIAL OFFICER Officer, 36.00 hrs/week | $144,032 | $0 | $41,066 | $185,098 |
| LENDING TEAM LEADER Highest compensated employee, 40.00 hrs/week | $133,885 | $0 | $29,151 | $163,036 |
| CHIEF PROGRAMS OFFICER Highest compensated employee, 40.00 hrs/week | $126,565 | $0 | $36,155 | $162,720 |
| OF UNDERWRITING (EXIT 1/25) Highest compensated employee, 40.00 hrs/week | $128,503 | $0 | $19,662 | $148,165 |
| DIRECTOR OF OPERATIONS Highest compensated employee, 40.00 hrs/week | $108,291 | $0 | $12,271 | $120,562 |
10 people received more than $100,000 in reportable compensation from Bridgeway Capital (Part VII, line 2). Compensation of current officers, directors and key employees totaled $1.2M (Part IX, line 5).
6 years of filings
Form 990, Parts I, VII, IX and X · each row is that year's own filing, linkedGovernance answers, as filed
FY2025 · the organization's own yes/no answers; explanations, if any, are in Schedule O of the filing · what each means- Voting board members, and how many are independent Part VI, lines 1a–1b14 · 13 independent
- Audited financial statements Part XII 2bYes
- Conflict-of-interest policy Part VI 12aYes
- Whistleblower policy Part VI 13Yes
- Document retention policy Part VI 14Yes
- Independent process for top executive pay Part VI 15aYes
- Board given the 990 before filing Part VI 11aYes
- Family or business ties among insiders Part VI 2No
- Aware of a significant diversion of assets Part VI 5No
- Excess benefit transaction with an insider Part IV 25aNo
- Loans to or from insiders outstanding Part IV 26No
- Lobbying, or a 501(h) election in effect Part IV 4Yes
- Over $15,000 of professional fundraising services Part IV 18No
- Over $10,000 of activity outside the U.S. Part IV 14bNo
- Employees Part I, line 545
- Volunteers Part I, line 618
Largest outside contractors
FY2025 · Form 990, Part VII, Section B · businesses only| PIPITONE GROUP Pr services | $153,459 |
| SMALL BUSINESS CONSULTING Consulting | $148,322 |
| CEEVA It services | $137,614 |
| GRIFFITH MCCAGUE & HAPPEL PC Legal | $126,620 |
Individuals listed as contractors are left out. 4 contractors were paid more than $100,000 in all.
Private foundation grants it received
6 private foundations reported grants to Bridgeway Capital totaling $1.1M on their tax year 2023 Form 990-PF returns. See which foundations, on WHOFUNDS.
Source: WHOFUNDS open grant graph, matched from Form 990-PF Part XV.
Correct a figure or respond
Every number above is copied from Bridgeway Capital's own Form 990. If one doesn't match the filing, that's our error and we'll fix it. If you work for Bridgeway Capital, you can publish a response that is linked from this page.
Share or embed this breakdown
Of every $100 Bridgeway Capital spent in FY2025, $80.98 went to programs. The full breakdown, from its IRS Form 990:
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Similar-sized charities in this cause
- The Community Action Agency of Western ConnecticutDanbury, CT · revenue $14M · programs 88.5% · 2025
- FsgBoston, MA · revenue $14M · programs 85.1% · 2024
- Prosperity NowWashington, DC · revenue $14M · programs 75.9% · 2024
- OCAB Community Action AgencyOrangeburg, SC · revenue $14M · programs 85.8% · 2024
- Grand Central PartnershipNew York, NY · revenue $14M · programs 85.9% · FY2025
All community improvement & capacity building charities · Largest charities in Pennsylvania
Questions people ask
How much of Bridgeway Capital's spending goes to programs?
In the fiscal year ending September 30, 2025, Bridgeway Capital reported that 81.0% of its $11.4 million in expenses went to program services, 16.1% to management and general and 2.9% to fundraising (Form 990, Part IX).
How much does Bridgeway Capital pay its top executive?
The largest total compensation Bridgeway Capital reported for one person in the fiscal year ending September 30, 2025 was $283,409, for the role of PRESIDENT & CEO (Form 990, Part VII, including compensation from related organizations and other compensation).
Where does Bridgeway Capital get its money?
Of $14.1 million in revenue in the fiscal year ending September 30, 2025, 52.7% came from contributions and grants (including 36.2% from government grants) and 38.2% from program service revenue (Form 990, Part VIII).
Is Bridgeway Capital a registered charity?
The IRS lists EIN 25-1635121 as a 501(c)(3) organization (publicly supported organization (170(b)(1)(a)(vi))), and its records show contributions as tax-deductible. Form 990 filings on record here cover tax years 2019, 2020, 2021, 2022, 2023, 2024. A filing shows what the organization reported; it doesn't by itself show whether a program works.
Sources
- FY2025: Form 990 for the fiscal year ending September 30, 2025, object 202640669349300614 · read the filing · XML
- FY2024: Form 990 for the fiscal year ending September 30, 2024, object 202510579349301761 · read the filing
- FY2023: Form 990 for the fiscal year ending September 30, 2023, object 202410459349301711 · read the filing
- FY2022: Form 990 for the fiscal year ending September 30, 2022, object 202340469349300519 · read the filing
- FY2021: Form 990 for the fiscal year ending September 30, 2021, object 202210469349301901 · read the filing
- FY2020: Form 990 for the fiscal year ending September 30, 2020, object 202100479349300410 · read the filing
All filings for EIN 25-1635121: ProPublica Nonprofit Explorer · IRS Tax Exempt Organization Search. Figures are as the organization reported them; we have not audited them.