Bridge House Inc

Analysis

Bridge House Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in September 1986, 40 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, Bridge House Inc reported income of $1.6m and spending of $1.6m, spending 105% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $1.4m to $1.6m (+11%), an average of +3.4% a year. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge House Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 84th percentile, and in the 82nd percentile within CT. Charities of a similar size with the same main cause include Senior Coastsiders Inc ($1.6m), Robert E Simon Jr Childrens Center Inc ($1.6m) and My Fathers Storehouse ($1.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% and program service revenue 0.2% of the total. Compensation of current officers, directors and key employees was $128k (7.8% of expenses). Other salaries and wages came to $833k. At year end it held assets of $1.7m against liabilities of $322k, net assets of $1.3m. It reported 20 employees.