Bridge Homes Inc

Analysis

Bridge Homes Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2020, Bridge Homes Inc reported income of $1.2m and spending of $796k, leaving 32% of income unspent that year. Across the 2 years on record, from June 2019 to June 2020, income grew from $647k to $1.2m (+81%), an average of +81% a year. The sharpest change came in the year to June 2020, when income rose by 81%. Over the whole period it spent 82% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bridge Homes Inc sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 77th percentile within NY. Charities of a similar size with the same main cause include Nurture Nature Center ($1.2m), Alchemist CDC ($1.2m) and L&j Empowerment ($1.2m).

On its Form 990 for the period ending June 2020, revenue came from program service revenue 62% of the total. Other salaries and wages came to $152k. At year end it held assets of $0 against liabilities of $0, net assets of $0. It reported 3 employees.