Bridgeport Neighborhood Trust Inc

Analysis

Bridgeport Neighborhood Trust Inc is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in June 1987, 39 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 December 2023, Bridgeport Neighborhood Trust Inc reported income of $4.7m and spending of $4.0m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.9m to $4.7m (+63%), an average of +13% a year. The sharpest change came in the year to December 2021, when income rose by 52%. Over the whole period it spent 103% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridgeport Neighborhood Trust Inc sits at the 90th percentile: it is larger than about 90% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within CT. Charities of a similar size with the same main cause include The Extension Inc ($4.7m), Hadc Ridgeway ($4.7m) and Habitat for Humanity International Inc ($4.7m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 31% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $195k (4.9% of expenses). Other salaries and wages came to $674k. At year end it held assets of $4.8m against liabilities of $1.5m, net assets of $3.4m. It reported 9 employees.