Bridgeport Hospital

Analysis

Bridgeport Hospital is a registered charity in United States, based in Bridgeport, CT. It received its IRS tax-exemption ruling in February 1934, 92 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 September 2023, Bridgeport Hospital reported income of $838.0m and spending of $897.5m, spending 107% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $626.5m to $838.0m (+34%), an average of +7.5% a year. The sharpest change came in the year to September 2020, when income rose by 17%. Over the whole period it spent 101% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bridgeport Hospital sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 100th percentile within CT. Charities of a similar size with the same main cause include Dayton Osteopathic Hospital ($834.5m), Torrance Memorial Medical Center ($839.8m) and Georgia Tech Applied Research Corporation ($832.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 1.4% and program service revenue 92% of the total. Compensation of current officers, directors and key employees was $4.0m (0.4% of expenses). Other salaries and wages came to $282.4m. At year end it held assets of $673.3m against liabilities of $329.2m, net assets of $344.1m. It reported 4,191 employees.