Bridge North Charleston

Analysis

Bridge North Charleston is a registered charity in United States, based in N Charleston, SC. It received its IRS tax-exemption ruling in December 2022, 4 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 2024, Bridge North Charleston reported income of $1.8m and spending of $8,244, leaving 100% of income unspent that year. Across the 2 years on record, from June 2021 to June 2024, income grew from $73k to $1.8m (+2345%), an average of +2345% a year. The sharpest change came in the year to June 2024, when income rose by 2345%. Over the whole period it spent 2.9% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridge North Charleston sits at the 81st percentile: it is larger than about 81% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 88th percentile within SC. Charities of a similar size with the same main cause include Mission Towers ($1.8m), Beloved Asheville ($1.8m) and Oregon Corporation for Affordable Housing ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $4.8m against liabilities of $3.3m, net assets of $1.5m.