New Bridge Place

Analysis

New Bridge Place is a registered charity in United States, based in Lodi, OH. It received its IRS tax-exemption ruling in November 2007, 19 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, New Bridge Place reported income of $871k and spending of $873k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $712k to $871k (+22%), an average of +5.2% a year. The sharpest change came in the year to December 2022, when income rose by 16%. Over the whole period it spent 88% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, New Bridge Place sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within OH. Charities of a similar size with the same main cause include Evergreen Nonprofit Housing ($870k), Neighborhood Housing Service of New Britain Inc ($871k) and United North East Community Development Corporation ($870k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 81% of the total. Compensation of current officers, directors and key employees was $70k (8.0% of expenses). Other salaries and wages came to $391k. At year end it held assets of $1.0m against liabilities of $550k, net assets of $482k. It reported 24 employees.