Red Bridge Place Housing Corporation

Analysis

Red Bridge Place Housing Corporation is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in January 1995, 31 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 December 2023, Red Bridge Place Housing Corporation reported income of $327k and spending of $446k, spending 136% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $328k to $327k (-0.5%), an average of -0.1% a year. Over the whole period it spent 128% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Red Bridge Place Housing Corporation sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 60th percentile within MO. Charities of a similar size with the same main cause include New Oaks Affordable Housing LLC ($327k), 1055 College Avenue Housing Development Fund Corp ($327k) and St Luke Housing Ministry Inc ($326k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Other salaries and wages came to $97k. At year end it held assets of $340k against liabilities of $47k, net assets of $293k.

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.