Bridge Northwest Development Inc

Analysis

Bridge Northwest Development Inc is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in September 2014, 12 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 December 2023, Bridge Northwest Development Inc reported income of $3.6m and spending of $6.5m, spending 179% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.6m to $3.6m (+0.5%), an average of +0.1% a year. The sharpest change came in the year to December 2022, when income rose by 23%. Over the whole period it spent 138% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridge Northwest Development Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CA. Charities of a similar size with the same main cause include Newton County Healthcare Association Inc ($3.6m), Gloucester County Housing Development Corporation ($3.6m) and Supportive Housing Network of New Y York Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 12% and program service revenue 53% of the total. At year end it held assets of $45.5m against liabilities of $41.0m, net assets of $4.5m.