Stoner Avenue Bridge House Inc

Analysis

Stoner Avenue Bridge House Inc is a registered charity in United States, based in Shreveport, LA. It received its IRS tax-exemption ruling in January 2016, 10 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 December 2023, Stoner Avenue Bridge House Inc reported income of $83k and spending of $95k, spending 114% of what it took in. Across the 3 years on record, from December 2020 to December 2023, income grew from $49k to $83k (+69%), an average of +30% a year. The sharpest change came in the year to December 2023, when income rose by 41%. Over the whole period it spent 113% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Stoner Avenue Bridge House Inc sits at the 19th percentile: it is larger than about 18% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 32nd percentile within LA. Charities of a similar size with the same main cause include North Haven Opportunity for Affordable Housing Inc ($83k), Community Alliance Housing Corporation VII ($83k) and Marc Resources IV Inc ($83k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 76% and program service revenue 22% of the total. At year end it held assets of $356k against liabilities of $536, net assets of $356k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.