Bridgewater Healthcare Foundation Inc

Analysis

Bridgewater Healthcare Foundation Inc is a registered charity in United States, based in Bridgewater, VA. It received its IRS tax-exemption ruling in January 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 Foundation Inc reported income of $1.9m and spending of $2.8m, spending 144% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income grew from $1.9m to $1.9m (+0.8%), an average of +0.2% a year. The sharpest change came in the year to September 2023, when income rose by 123%. Over the whole period it spent 90% 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 Foundation Inc sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 86th percentile within VA. Charities of a similar size with the same main cause include Caledonia-Essex Area Ambulance ($1.9m), Hello Housing ($1.9m) and Deep Medicine Circle ($1.9m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 63% and program service revenue 0.6% of the total. Compensation of current officers, directors and key employees was $188k (6.8% of expenses). Other salaries and wages came to $107k. At year end it held assets of $26.1m against liabilities of $6.6m, net assets of $19.4m. It reported 4 employees.