Bridgewood Apartments Inc

Analysis

Bridgewood Apartments Inc is a registered charity in United States, based in Chesterfield, SC. It received its IRS tax-exemption ruling in September 1990, 36 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 June 2024, Bridgewood Apartments Inc reported income of $226k and spending of $180k, leaving 20% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $210k to $226k (+7.4%), an average of +1.8% a year. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridgewood Apartments Inc sits at the 40th percentile: it is larger than about 40% of them. Against every charity in United States with reported income it ranks in the 56th percentile, and in the 61st percentile within SC. Charities of a similar size with the same main cause include Washington County Residences ($226k), Sense of Security Inc ($226k) and Family Promise of Bradley County ($226k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 62% and program service revenue 38% of the total. Other salaries and wages came to $22k. At year end it held assets of $272k against liabilities of $347k, net assets of -$75k.