Brightwater Health

Analysis

Brightwater Health is a registered charity in United States, based in Duluth, MN. It received its IRS tax-exemption ruling in November 1942, 84 years ago. Its declared purposes cover mental health and crisis intervention, 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 December 2023, Brightwater Health reported income of $23.2m and spending of $21.4m, spending 93% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $21.0m to $23.2m (+10%), an average of +2.5% a year. The sharpest change came in the year to December 2021, when income rose by 19%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brightwater Health sits at the 89th percentile: it is larger than about 89% of them. Against every charity in United States with reported income it ranks in the 97th percentile, and in the 97th percentile within MN. Charities of a similar size with the same main cause include Community Health Alliance of Pasadena ($23.2m), Fairmount Homes ($23.2m) and Indian Creek Foundation ($23.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. Compensation of current officers, directors and key employees was $378k (1.8% of expenses). Other salaries and wages came to $13.8m. At year end it held assets of $20.1m against liabilities of $5.7m, net assets of $14.4m. It reported 418 employees.