Bridgeway Homes 02 N F P

Analysis

Bridgeway Homes 02 N F P is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in April 2004, 22 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 Homes 02 N F P reported income of $151k and spending of $210k, spending 139% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income grew from $132k to $151k (+14%), an average of +4.6% a year. The sharpest change came in the year to June 2023, when income rose by 20%. Over the whole period it spent 148% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridgeway Homes 02 N F P sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 48th percentile within IL. Charities of a similar size with the same main cause include SFR Community Fund Incorporated ($151k), Taos Feeds Taos Inc ($151k) and Debbies Home Daycare ($151k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $15k. At year end it held assets of $877k against liabilities of $1.9m, net assets of -$978k.

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.