Bridgewater Healthcare Inc

Analysis

Bridgewater Healthcare Inc is a registered charity in United States, based in Bridgewater, VA. It received its IRS tax-exemption ruling in July 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. The IRS classifies it as a supporting organisation under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending September 2023, Bridgewater Healthcare Inc reported income of $3.6m and spending of $3.4m, spending 93% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $2.7m to $3.6m (+33%), an average of +7.4% a year. The sharpest change came in the year to September 2021, when income rose by 19%. Over the whole period it spent 93% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bridgewater Healthcare Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within VA. Charities of a similar size with the same main cause include Conklin Davis Center for the Visually Impaired Inc ($3.6m), Early Childhood Mental Health Program ($3.6m) and Access Dental Care ($3.6m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 0.0% and program service revenue 95% of the total. Compensation of current officers, directors and key employees was $585k (17% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $3.6m against liabilities of $117k, net assets of $3.4m. It reported 31 employees.