City of Bridges CLT

Analysis

City of Bridges CLT is a registered charity in United States, based in Pittsburgh, PA. It received its IRS tax-exemption ruling in December 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 (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, City of Bridges CLT reported income of $3.3m and spending of $800k, leaving 76% of income unspent that year. Across the 4 years on record, from September 2020 to September 2023, income grew from $2.2m to $3.3m (+52%), an average of +15% a year. The sharpest change came in the year to September 2023, when income rose by 271%. Over the whole period it spent 33% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, City of Bridges CLT sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 88th percentile within PA. Charities of a similar size with the same main cause include Housing Assistance Program of Essex County ($3.3m), Snap Financial Access ($3.3m) and Upper Shore Aging Housing Corp Inc ($3.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 93% and program service revenue 5.0% of the total. Compensation of current officers, directors and key employees was $108k (14% of expenses). Other salaries and wages came to $310k. At year end it held assets of $8.2m against liabilities of $3.0m, net assets of $5.2m. It reported 6 employees.