Bridge Communities Inc

Analysis

Bridge Communities Inc is a registered charity in United States, based in Glen Ellyn, IL. It received its IRS tax-exemption ruling in September 1990, 36 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 2023, Bridge Communities Inc reported income of $4.8m and spending of $5.2m, spending 108% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $4.4m to $4.8m (+9.9%), an average of +2.4% a year. The sharpest change came in the year to June 2021, when income rose by 16%. Over the whole period it spent 97% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridge Communities Inc sits at the 91st percentile: it is larger than about 91% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 92nd percentile within IL. Charities of a similar size with the same main cause include C O R E Programs Inc ($4.8m), Volunteer Ministry Center Inc ($4.8m) and Community Initatives Inc ($4.8m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 71% and program service revenue 32% of the total. Compensation of current officers, directors and key employees was $250k (4.8% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $17.1m against liabilities of $3.2m, net assets of $13.9m. It reported 36 employees.