Bridges Medical Center

Analysis

Bridges Medical Center is a registered charity in United States, based in Ada, MN. It received its IRS tax-exemption ruling in October 2004, 22 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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, Bridges Medical Center reported income of $12.3m and spending of $9.5m, leaving 22% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $10.0m to $12.3m (+23%), an average of +5.3% a year. Over the whole period it spent 83% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bridges Medical Center sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within MN. Charities of a similar size with the same main cause include The Childrens Hospital of Buffalo Foundation ($12.3m), Ut Southwestern Moncrief Cancer Center ($12.3m) and Concord Hospital Trust ($12.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 4.2% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $490k (5.1% of expenses). Other salaries and wages came to $3.7m. At year end it held assets of $21.5m against liabilities of $690k, net assets of $20.8m. It reported 58 employees.