Bristol Hospital Development Foundation Inc

Analysis

Bristol Hospital Development Foundation 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 Hospital Development Foundation Inc reported income of $993k and spending of $278k, leaving 72% of income unspent that year. Across the 5 years on record, from September 2019 to September 2023, income fell from $2.6m to $993k (-62%), an average of -22% a year. The sharpest change came in the year to September 2023, when income dropped by 64%. Over the whole period it spent 20% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bristol Hospital Development Foundation Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 78th percentile within CT. Charities of a similar size with the same main cause include Toledo-Lucas County Carenet Inc ($992k), Be Perfect Foundation ($993k) and Head & Neck Cancer Alliance Inc ($991k).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 87% of the total. Compensation of current officers, directors and key employees was $78k (28% of expenses). Other salaries and wages came to $19k. At year end it held assets of $7.6m against liabilities of $1.4m, net assets of $6.3m. It reported 4 employees.