Bridge to Home SCV

Analysis

Bridge to Home SCV is a registered charity in United States, based in Santa Clarita, CA. It received its IRS tax-exemption ruling in March 1997, 29 years ago. Its declared purposes cover community improvement and capacity building, which this site groups under community and economic development. 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 to Home SCV reported income of $10.5m and spending of $3.7m, leaving 65% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.3m to $10.5m (+353%), an average of +46% a year. The sharpest change came in the year to June 2023, when income rose by 101%. Over the whole period it spent 60% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Bridge to Home SCV sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within CA. Charities of a similar size with the same main cause include The Knowledge House Fellowship Inc ($10.5m), The Storehouse of Collin County ($10.5m) and Potters House Community Development ($10.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $119k (3.2% of expenses). Other salaries and wages came to $1.7m. At year end it held assets of $11.8m against liabilities of $1.7m, net assets of $10.1m. It reported 74 employees.