Bridge Housing Corporation

Analysis

Bridge Housing Corporation is a registered charity in United States, based in San Francisco, CA. It received its IRS tax-exemption ruling in January 1983, 43 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 December 2023, Bridge Housing Corporation reported income of $78.6m and spending of $45.4m, leaving 42% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $47.9m to $78.6m (+64%), an average of +13% a year. The sharpest change came in the year to December 2022, when income rose by 80%. Over the whole period it spent 70% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridge Housing Corporation sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within CA. Charities of a similar size with the same main cause include National Campus and Community Development Corporation Inc ($78.1m), Elwyn California ($78.9m) and Horizon Development Properties Inc ($77.5m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 59% and program service revenue 34% of the total. Compensation of current officers, directors and key employees was $4.5m (9.9% of expenses). Other salaries and wages came to $12.3m. At year end it held assets of $245.0m against liabilities of $109.8m, net assets of $135.1m. It reported 231 employees.