Bridge Emergency Shelter

Analysis

Bridge Emergency Shelter is a registered charity in United States, based in Cortez, CO. It received its IRS tax-exemption ruling in May 2009, 17 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 2024, Bridge Emergency Shelter reported income of $293k and spending of $359k, spending 122% of what it took in. Across the 6 years on record, from June 2019 to June 2024, income fell from $1.5m to $293k (-80%), an average of -28% a year. The sharpest change came in the year to June 2021, when income dropped by 64%. Over the whole period it spent 55% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridge Emergency Shelter sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 61st percentile, and in the 58th percentile within CO. Charities of a similar size with the same main cause include Dotties House Inc ($293k), East Long Ave Inc ($293k) and Northgate Residents Owbership Corporation ($293k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 89% and program service revenue 11% of the total. Compensation of current officers, directors and key employees was $32k (8.9% of expenses). Other salaries and wages came to $142k. At year end it held assets of $2.7m against liabilities of $613k, net assets of $2.0m. It reported 19 employees.

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.