Bridgeway Housing

Analysis

Bridgeway Housing is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in January 1996, 30 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 Housing reported income of $114k and spending of $194k, spending 170% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $146k to $114k (-22%), an average of -8.0% a year. The sharpest change came in the year to June 2023, when income dropped by 18%. Over the whole period it spent 125% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridgeway Housing sits at the 36th percentile: it is larger than about 36% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 41st percentile within IL. Charities of a similar size with the same main cause include Knock Knock Angels ($114k), Family Voices of Alabama Inc ($114k) and Wyoming Families First ($114k).

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 $580k against liabilities of $1.2m, net assets of -$637k.

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.