Bridges to Independence Inc

Analysis

Bridges to Independence Inc is a registered charity in United States, based in Arlington, VA. It received its IRS tax-exemption ruling in January 1988, 38 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 Independence Inc reported income of $2.1m and spending of $2.4m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.0m to $2.1m (+0.4%), an average of +0.1% a year. The sharpest change came in the year to June 2021, when income rose by 53%. Over the whole period it spent 104% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridges to Independence Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Community Concepts Finance Corp ($2.1m), Home Opportunities Made Easy Inc ($2.1m) and Willow Creek Housing Inc ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 95% of the total. Compensation of current officers, directors and key employees was $82k (3.4% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $1.5m against liabilities of $169k, net assets of $1.3m. It reported 39 employees.