Bridgton Hospital

Analysis

Bridgton Hospital is a registered charity in United States, based in Bridgton, ME. It received its IRS tax-exemption ruling in February 1950, 76 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a hospital or medical research organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridgton Hospital reported income of $70.4m and spending of $54.6m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $47.5m to $70.4m (+48%), an average of +10% a year. The sharpest change came in the year to June 2022, when income rose by 20%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bridgton Hospital sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within ME. Charities of a similar size with the same main cause include Association of State and Territorial Health Officials ($70.3m), The Hemophilia Center of Western Pennsylvania ($70.4m) and Gifford Medical Center Inc ($70.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 9.7% and program service revenue 90% of the total. Other salaries and wages came to $21.1m. At year end it held assets of $38.2m against liabilities of $13.6m, net assets of $24.6m. It reported 316 employees.