Bridgeway Sandburg

Analysis

Bridgeway Sandburg is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in December 1999, 27 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 June 2023, Bridgeway Sandburg reported income of $89k and spending of $168k, spending 188% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $147k to $89k (-39%), an average of -15% a year. The sharpest change came in the year to June 2023, when income dropped by 28%. Over the whole period it spent 143% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridgeway Sandburg sits at the 20th percentile: it is larger than about 20% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 35th percentile within IL. Charities of a similar size with the same main cause include Friends Handicapped Housing Inc ($89k), 314 Hudson Street Corp ($89k) and Azalea Gardens Inc ($89k).

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 $812k against liabilities of $1.4m, net assets of -$546k.

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.