Bristol Health Care Inc

Analysis

Bristol Health Care Inc is a registered charity in United States, based in Bristol, CT. It received its IRS tax-exemption ruling in March 1985, 41 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 (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, Bristol Health Care Inc reported income of $14.1m and spending of $15.5m, spending 110% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $13.6m to $14.1m (+3.4%), an average of +0.8% a year. Over the whole period it spent 108% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bristol Health Care Inc sits at the 86th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 95th percentile within CT. Charities of a similar size with the same main cause include Clayton Health Systems Inc ($14.1m), Mainegeneral Health ($14.1m) and Dewitt Hospital and Nursing Home Inc ($14.1m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 100% of the total. Compensation of current officers, directors and key employees was $200k (1.3% of expenses). Other salaries and wages came to $6.9m. At year end it held assets of $4.8m against liabilities of $6.5m, net assets of -$1.7m. It reported 209 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.