Bridgeway Kewanee 04 NFP

Analysis

Bridgeway Kewanee 04 NFP is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in January 2005, 21 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Bridgeway Kewanee 04 NFP reported income of $102k and spending of $220k, spending 216% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $149k to $102k (-32%), an average of -12% a year. The sharpest change came in the year to June 2023, when income dropped by 23%. Over the whole period it spent 156% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridgeway Kewanee 04 NFP sits at the 23rd percentile: it is larger than about 23% of them. Against every charity in United States with reported income it ranks in the 37th percentile, and in the 38th percentile within IL. Charities of a similar size with the same main cause include Trinity Homes Inc ($102k), Wolfe & Jackson Group Home Inc ($102k) and Willo Housing Corporation ($102k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $18k. At year end it held assets of $990k against liabilities of $2.1m, net assets of -$1.1m.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.