Bridgewater Village Inc

Analysis

Bridgewater Village Inc is a registered charity in United States, based in Bridgewater, VA. It received its IRS tax-exemption ruling in January 1972, 54 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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 September 2023, Bridgewater Village Inc reported income of $11.2m and spending of $10.3m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $5.1m to $11.2m (+122%), an average of +22% a year. The sharpest change came in the year to September 2021, when income rose by 47%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Bridgewater Village Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 96th percentile within VA. Charities of a similar size with the same main cause include Westside Health Authority ($11.2m), Lecom at Presque Isle Inc ($11.2m) and Habitat for Humanity of Greater Miami Inc ($11.2m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 6.1% and program service revenue 89% of the total. Other salaries and wages came to $1.5m. At year end it held assets of $58.4m against liabilities of $55.5m, net assets of $2.9m. It reported 39 employees.