Covered Bridge Healthcare of St Joseph County Inc

Analysis

Covered Bridge Healthcare of St Joseph County Inc is a registered charity in United States, based in Centreville, MI. It received its IRS tax-exemption ruling in September 2016, 10 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 September 2023, Covered Bridge Healthcare of St Joseph County Inc reported income of $4.4m and spending of $4.2m, spending 94% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $4.4m (+63%), an average of +13% a year. The sharpest change came in the year to September 2021, when income rose by 66%. Over the whole period it spent 87% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Covered Bridge Healthcare of St Joseph County Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within MI. Charities of a similar size with the same main cause include Webster Emergency Medical Services Inc ($4.4m), Penn Yan Manor Nursing Home Inc ($4.4m) and MMC Realty Corp ($4.4m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 34% and program service revenue 64% of the total. Compensation of current officers, directors and key employees was $229k (5.5% of expenses). Other salaries and wages came to $1.6m. At year end it held assets of $3.6m against liabilities of $361k, net assets of $3.3m. It reported 41 employees.