Bridges to Housing Stability Inc

Analysis

Bridges to Housing Stability Inc is a registered charity in United States, based in Columbia, MD. It received its IRS tax-exemption ruling in July 1991, 35 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 June 2023, Bridges to Housing Stability Inc reported income of $3.8m and spending of $3.1m, spending 83% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $3.8m (+32%), an average of +7.2% a year. The sharpest change came in the year to June 2022, when income rose by 69%. Over the whole period it spent 77% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridges to Housing Stability Inc sits at the 89th 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 89th percentile within MD. Charities of a similar size with the same main cause include Planning Office for Urban Affairs Inc ($3.7m), Troy Rehabilitation and Improvement Program Inc ($3.8m) and Clairmont Oaks Inc ($3.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 81% and program service revenue 17% of the total. Compensation of current officers, directors and key employees was $108k (3.5% of expenses). Other salaries and wages came to $865k. It paid $1,585 in professional fundraising fees. At year end it held assets of $8.6m against liabilities of $1.8m, net assets of $6.8m. It reported 25 employees.