Bristol Aging & Wellness Inc

Analysis

Bristol Aging & Wellness Inc is a registered charity in United States, based in Fall River, MA. It received its IRS tax-exemption ruling in December 1974, 52 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bristol Aging & Wellness Inc reported income of $41.0m and spending of $38.5m, spending 94% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $34.7m to $41.0m (+18%), an average of +4.3% a year. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bristol Aging & Wellness Inc sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within MA. Charities of a similar size with the same main cause include Partnerships in Community Living Inc ($41.0m), Angel View Inc ($41.1m) and Communities Connected for Kids Inc ($41.0m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% and program service revenue 31% of the total. Compensation of current officers, directors and key employees was $376k (1.0% of expenses). Other salaries and wages came to $9.3m. At year end it held assets of $26.5m against liabilities of $5.4m, net assets of $21.0m. It reported 198 employees.