Bridges Care Center

Analysis

Bridges Care Center is a registered charity in United States, based in Ada, MN. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. The IRS classifies it as a church under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridges Care Center reported income of $5.6m and spending of $6.0m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.4m to $5.6m (+3.9%), an average of +0.9% a year. Over the whole period it spent 101% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridges Care Center sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 92nd percentile within MN. Charities of a similar size with the same main cause include Hrca Brookline Housing 1550 Beacon Plaza ($5.6m), Intend Indiana Inc ($5.6m) and Restore of Fox Valley Habitat for Humanity ($5.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 2.6% and program service revenue 97% of the total. Other salaries and wages came to $2.7m. At year end it held assets of $5.9m against liabilities of $2.9m, net assets of $3.0m. It reported 124 employees.