Bridge Inc

Analysis

Bridge Inc is a registered charity in United States, based in Artesia, NM. It received its IRS tax-exemption ruling in June 2019, 7 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 December 2023, Bridge Inc reported income of $118k and spending of $41k, leaving 66% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $771k to $118k (-85%), an average of -85% a year. The sharpest change came in the year to December 2023, when income dropped by 85%. Over the whole period it spent 5.9% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridge Inc sits at the 26th percentile: it is larger than about 26% of them. Against every charity in United States with reported income it ranks in the 41st percentile, and in the 37th percentile within NM. Charities of a similar size with the same main cause include McNealy Housing Corporation ($118k), Green River Asset Building Coalition Inc ($118k) and Ashland Community Development Corporation ($118k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 10% of the total. At year end it held assets of $994k against liabilities of $0, net assets of $994k.