Community Bridge Housing Corp

Analysis

Community Bridge Housing Corp is a registered charity in United States, based in Sylmar, CA. It received its IRS tax-exemption ruling in April 2020, 6 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 (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Community Bridge Housing Corp reported income of $875k and spending of $819k, spending 94% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $276k to $875k (+217%), an average of +34% a year. The sharpest change came in the year to December 2020, when income rose by 138%. Over the whole period it spent 100% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Community Bridge Housing Corp sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Habitat for Humanity International Inc ($875k), Samaritan Women at the Well ($875k) and Tarpon Springs Manor Nonprofit Housing Inc ($875k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 17% and program service revenue 83% of the total. Compensation of current officers, directors and key employees was $96k (12% of expenses). Other salaries and wages came to $40k. At year end it held assets of $242k against liabilities of $234k, net assets of $8,291. It reported 3 employees.