Housing Resources Bainbridge

Analysis

Housing Resources Bainbridge is a registered charity in United States, based in Bainbridge Is, WA. It received its IRS tax-exemption ruling in October 1994, 32 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, Housing Resources Bainbridge reported income of $1.9m and spending of $1.8m, spending 97% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $1.4m to $1.9m (+36%), an average of +8.0% a year. The sharpest change came in the year to December 2022, when income rose by 42%. Over the whole period it spent 79% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Housing Resources Bainbridge 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 86th percentile within WA. Charities of a similar size with the same main cause include Riverview Hope Campus ($1.9m), Metropolitan Milwaukee Fair Housing Council Inc ($1.9m) and Foundation for Affordable Housing II Inc ($1.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 51% and program service revenue 46% of the total. Other salaries and wages came to $696k. At year end it held assets of $9.3m against liabilities of $1.2m, net assets of $8.1m. It reported 15 employees.