Bridgewood Farms Inc

Analysis

Bridgewood Farms Inc is a registered charity in United States, based in Conroe, TX. It received its IRS tax-exemption ruling in January 1973, 53 years ago. 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 August 2023, Bridgewood Farms Inc reported income of $861k and spending of $986k, spending 115% of what it took in. Across the 5 years on record, from August 2019 to August 2023, income fell from $1.2m to $861k (-30%), an average of -8.6% a year. The sharpest change came in the year to August 2020, when income dropped by 30%. Over the whole period it spent 103% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bridgewood Farms Inc sits at the 76th percentile: it is larger than about 76% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 82nd percentile within TX. Charities of a similar size with the same main cause include Road Runners Club of America ($861k), Habitat for Humanity International Inc ($861k) and Keystone Regional Volleyball Association Ta Usvba ($861k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 21% and program service revenue 72% of the total. Compensation of current officers, directors and key employees was $41k (4.2% of expenses). Other salaries and wages came to $504k. At year end it held assets of $1.7m against liabilities of $178k, net assets of $1.5m. It reported 28 employees.