Bridgewater Home Inc

Analysis

Bridgewater Home Inc is a registered charity in United States, based in Bridgewater, VA. It received its IRS tax-exemption ruling in May 1966, 60 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Bridgewater Home Inc reported income of $29.0m and spending of $26.7m, spending 92% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $19.4m to $29.0m (+50%), an average of +11% a year. The sharpest change came in the year to September 2021, when income rose by 26%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bridgewater Home Inc sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within VA. Charities of a similar size with the same main cause include Association to Benefit Children ($29.0m), North Metro Community Services Inc ($29.0m) and Community Village Inc ($29.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 3.9% and program service revenue 93% of the total. Other salaries and wages came to $13.7m. At year end it held assets of $54.6m against liabilities of $26.9m, net assets of $27.7m. It reported 577 employees.