Bhcare Inc

Analysis

Bhcare Inc is a registered charity in United States, based in North Haven, CT. It received its IRS tax-exemption ruling in September 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 June 2024, Bhcare Inc reported income of $40.3m and spending of $40.4m, spending 100% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $21.4m to $40.3m (+89%), an average of +14% a year. The sharpest change came in the year to June 2024, when income rose by 32%. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bhcare Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within CT. Charities of a similar size with the same main cause include Cumberland River Behavioral Health Inc ($40.3m), Saint Johns Health Center Foundation ($40.5m) and Extraordinary Home Care ($40.3m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 75% and program service revenue 23% of the total. Compensation of current officers, directors and key employees was $992k (2.5% of expenses). Other salaries and wages came to $18.8m. At year end it held assets of $12.3m against liabilities of $10.7m, net assets of $1.6m. It reported 404 employees.