Bridgewater College

Analysis

Bridgewater College is a registered charity in United States, based in Bridgewater, VA. It received its IRS tax-exemption ruling in April 1939, 87 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bridgewater College reported income of $82.0m and spending of $91.7m, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $95.2m to $82.0m (-14%), an average of -3.7% a year. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bridgewater College sits at the 99th percentile: it is larger than about 99% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within VA. Charities of a similar size with the same main cause include Lawrence Technological University ($81.7m), Husson University ($82.0m) and Felician University ($81.7m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 12% and program service revenue 85% of the total. Compensation of current officers, directors and key employees was $1.6m (1.7% of expenses). Other salaries and wages came to $18.0m. At year end it held assets of $215.1m against liabilities of $61.5m, net assets of $153.6m. It reported 867 employees.