Bridgewell Incorporated

Analysis

Bridgewell Incorporated is a registered charity in United States, based in Peabody, MA. It received its IRS tax-exemption ruling in March 1971, 55 years ago. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridgewell Incorporated reported income of $82.8m and spending of $83.1m, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $75.4m to $82.8m (+9.7%), an average of +2.3% a year. The sharpest change came in the year to June 2022, when income rose by 18%. Over the whole period it spent 98% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridgewell Incorporated 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 MA. Charities of a similar size with the same main cause include Vip Community Services Inc ($82.7m), Island Peer Review Organization Inc ($83.2m) and Paramount Advantage ($82.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 0.4% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $858k (1.0% of expenses). Other salaries and wages came to $48.8m. At year end it held assets of $67.9m against liabilities of $52.4m, net assets of $15.6m. It reported 1,322 employees.