The Bradley Home

Analysis

The Bradley Home is a registered charity in United States, based in Meriden, CT. It received its IRS tax-exemption ruling in October 1936, 90 years ago. 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 September 2023, The Bradley Home reported income of $5.9m and spending of $9.2m, spending 156% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $5.9m to $5.9m (-0.9%), an average of -0.2% a year. The sharpest change came in the year to September 2022, when income rose by 45%. Over the whole period it spent 141% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, The Bradley Home sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within CT. Charities of a similar size with the same main cause include Arrowmont School of Arts and Crafts ($5.9m), Valley View Home ($5.9m) and Galapagos Conservancy Inc ($5.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 18% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $371k (4.0% of expenses). Other salaries and wages came to $3.9m. At year end it held assets of $30.3m against liabilities of $9.3m, net assets of $21.0m. It reported 121 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.