Bridgeway McKinley

Analysis

Bridgeway McKinley is a registered charity in United States, based in Galesburg, IL. It received its IRS tax-exemption ruling in August 1997, 29 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 McKinley reported income of $162k and spending of $217k, spending 134% of what it took in. Across the 4 years on record, from June 2020 to June 2023, income fell from $172k to $162k (-5.4%), an average of -1.8% a year. The sharpest change came in the year to June 2022, when income dropped by 16%. Over the whole period it spent 124% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridgeway McKinley sits at the 33rd percentile: it is larger than about 33% of them. Against every charity in United States with reported income it ranks in the 49th percentile, and in the 50th percentile within IL. Charities of a similar size with the same main cause include First Richland Morrow Housing Inc V ($162k), Bourbon Garden Court Inc ($162k) and Partners in Action Inc ($162k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 98% of the total. Other salaries and wages came to $18k. At year end it held assets of $849k against liabilities of $1.3m, net assets of -$405k.

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.