Bridges Homeward Inc

Analysis

Bridges Homeward Inc is a registered charity in United States, based in Cambridge, MA. It received its IRS tax-exemption ruling in October 1942, 84 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bridges Homeward Inc reported income of $7.3m and spending of $7.9m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $6.2m to $7.3m (+18%), an average of +4.1% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridges Homeward Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 93rd percentile within MA. Charities of a similar size with the same main cause include Santa Maria Valley Young Mens Christian Association ($7.3m), Overbrook Friedlander Programs ($7.3m) and Chester Lancaster Disabilities & Special Needs Board Inc ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 86% of the total. Compensation of current officers, directors and key employees was $490k (6.2% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $9.6m against liabilities of $3.4m, net assets of $6.2m. It reported 151 employees.