Bridge House

Analysis

Bridge House is a registered charity in United States, based in Boulder, CO. It received its IRS tax-exemption ruling in May 1998, 28 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, Bridge House reported income of $3.6m and spending of $4.4m, spending 124% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $4.1m to $3.6m (-13%), an average of -3.4% a year. The sharpest change came in the year to December 2023, when income dropped by 45%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge House sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within CO. Charities of a similar size with the same main cause include Marie Wilkinson Food Pantry Inc ($3.6m), Excel Alaska Inc ($3.6m) and Balance Inc ($3.6m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 33% of the total. Compensation of current officers, directors and key employees was $146k (3.3% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $14.2m against liabilities of $1.9m, net assets of $12.3m. It reported 150 employees.