Bridges Pointe Housing Corporation

Analysis

Bridges Pointe Housing Corporation is a registered charity in United States, based in Durham, NC. It received its IRS tax-exemption ruling in May 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bridges Pointe Housing Corporation reported income of $107k and spending of $78k, leaving 27% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $156k to $107k (-31%), an average of -31% a year. The sharpest change came in the year to December 2023, when income dropped by 31%. Over the whole period it spent 74% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridges Pointe Housing Corporation sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 39th percentile, and in the 37th percentile within NC. Charities of a similar size with the same main cause include Al & Friends Inc ($107k), Sterling Community Food Coalition ($107k) and Love Ministries Outreach International Inc ($107k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $88k against liabilities of $0, net assets of $88k.