Bradford Regional Medical Services

Analysis

Bradford Regional Medical Services is a registered charity in United States, based in Olean, NY. It received its IRS tax-exemption ruling in April 1998, 28 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 December 2023, Bradford Regional Medical Services reported income of $3.5m and spending of $6.1m, spending 174% of what it took in. Across the 6 years on record, from December 2018 to December 2023, income grew from $3.4m to $3.5m (+1.6%), an average of +0.3% a year. The sharpest change came in the year to December 2020, when income dropped by 28%. Over the whole period it spent 139% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bradford Regional Medical Services sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 87th percentile within NY. Charities of a similar size with the same main cause include Headstrong Foundation ($3.5m), Declarations Inc ($3.5m) and Form Communities Inc ($3.5m).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Other salaries and wages came to $4.6m. At year end it held assets of $968k against liabilities of $8.5m, net assets of -$7.5m.

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.