Bridge House 11 Corporation

Analysis

Bridge House 11 Corporation is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in September 2013, 13 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 June 2023, Bridge House 11 Corporation reported income of $308k and spending of $530k, spending 172% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $134k to $308k (+130%), an average of +23% a year. The sharpest change came in the year to June 2020, when income rose by 106%. Over the whole period it spent 180% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridge House 11 Corporation sits at the 47th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 62nd percentile, and in the 59th percentile within NY. Charities of a similar size with the same main cause include Olive Community Services Inc ($308k), Orange Housing Development Corp ($308k) and Oakhaven Village ($308k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 86% and program service revenue 14% of the total. At year end it held assets of $4.2m against liabilities of $5.6m, net assets of -$1.4m.

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.