Bridge House Inc

Analysis

Bridge House Inc is a registered charity in United States, based in Lebanon, TN. It received its IRS tax-exemption ruling in June 2020, 6 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 Inc reported income of $334k and spending of $387k, spending 116% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $412k to $334k (-19%), an average of -10% a year. The sharpest change came in the year to December 2022, when income rose by 78%. Over the whole period it spent 84% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridge House Inc sits at the 58th percentile: it is larger than about 58% of them. Against every charity in United States with reported income it ranks in the 64th percentile, and in the 65th percentile within TN. Charities of a similar size with the same main cause include New Haven ($334k), Life Choices Center Inc ($334k) and Assistance League of Norman Inc ($334k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $85k (22% of expenses). Other salaries and wages came to $81k. At year end it held assets of $297k against liabilities of $2,650, net assets of $294k. It reported 3 employees.