Bristol Hospital Development Foundation Inc
Bristol Hospital Development Foundation: Strong Asset Growth, Consistent Program Spending
EIN: 222577740 · Bristol, CT · NTEE: E22I · Updated: 2026-04-04
| Metric | Value |
|---|---|
| Total Revenue | $2.6M |
| Total Expenses | $278K |
| Program Spending | 89% |
| Net Assets | $6.3M |
| Transparency Score | 85/100 |
Is Bristol Hospital Development Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bristol Hospital Development Foundation Inc directs 89% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bristol Hospital Development Foundation Inc
Bristol Hospital Development Foundation Inc (EIN: 222577740) is a nonprofit organization based in Bristol, CT, classified under NTEE code E22I. The organization reported total revenue of $2.6M and total assets of $8.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bristol Hospital Development Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bristol Hospital Development Foundation Inc is a mid-size nonprofit that has been operating for 41 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of -2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $993K |
| Total Expenses | $278K |
| Surplus / Deficit | +$714K |
| Total Assets | $7.6M |
| Total Liabilities | $1.4M |
| Net Assets | $6.3M |
| Operating Margin | 72.0% |
| Debt-to-Asset Ratio | 17.8% |
| Months of Reserves | 329.6 months |
Financial Health Grade: A
In 2023, Bristol Hospital Development Foundation Inc reported a surplus of $714K with revenue exceeding expenses, holds 329.6 months of operating reserves (strong position), has a debt-to-asset ratio of 17.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bristol Hospital Development Foundation Inc's revenue has declined at a compound annual growth rate (CAGR) of -2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -64.2% | -0.2% | +1.5% |
| 2022 | +55.5% | +13.7% | -41.4% |
| 2021 | +16.1% | -38.7% | +17.2% |
| 2020 | -41.8% | -45.3% | +12.5% |
| 2019 | +104.9% | -58.6% | +20.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1985 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bristol Hospital Development Foundation Inc with a Mission Score of 85 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 11%
- programs: 89%
- fundraising: 0%
According to IRS 990 filings, Bristol Hospital Development Foundation Inc allocates its expenses as follows: admin: 11%, programs: 89%, fundraising: 0%. With 89% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $714K, with revenue exceeding expenses.
- Debt-to-asset ratio: 17.8%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, as 'x' represents total expenses, not specifically executive compensation.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Bristol Hospital Development Foundation Inc:
- Consistent program spending, with 89% of expenses dedicated to programs in 2023 ($883,439 out of $992,629 total expenses, assuming 'x' is total expenses).
- Strong asset growth over the long term, indicating sound financial management and investment.
- Zero reported fundraising expenses suggests highly efficient fundraising or significant reliance on non-fundraising revenue.
Frequently Asked Questions about Bristol Hospital Development Foundation Inc
Is Bristol Hospital Development Foundation Inc a legitimate charity?
Bristol Hospital Development Foundation Inc (EIN: 222577740) is a registered tax-exempt nonprofit based in Connecticut. Our AI analysis gives it a Mission Score of 85/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.6M. No red flags identified. 3 strengths noted. Financial health grade: A.
How does Bristol Hospital Development Foundation Inc spend its money?
Bristol Hospital Development Foundation Inc directs 89% of its spending to programs and services. This exceeds the 65% industry benchmark.
Are donations to Bristol Hospital Development Foundation Inc tax-deductible?
Bristol Hospital Development Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222577740). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How does Bristol Hospital Development Foundation Inc compare to similar nonprofits?
With a transparency score of 85/100 (Excellent), Bristol Hospital Development Foundation Inc is above average for NTEE category E22I nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bristol Hospital Development Foundation Inc located?
Bristol Hospital Development Foundation Inc is headquartered in Bristol, Connecticut and files with the IRS under EIN 222577740. It is classified under NTEE code E22I.
How many years of IRS 990 filings does Bristol Hospital Development Foundation Inc have?
Bristol Hospital Development Foundation Inc has 13 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2.6M in total revenue.
What does Bristol Hospital Development Foundation Inc do?
Bristol Hospital Development Foundation Inc is a nonprofit organization in the Health Care sector, located in Bristol, Connecticut. It is classified under NTEE code E22I.
How much revenue does Bristol Hospital Development Foundation Inc have?
Bristol Hospital Development Foundation Inc reported total revenue of $2,605,368. Based on 13 IRS 990 filings on record.
What are Bristol Hospital Development Foundation Inc's total assets?
Bristol Hospital Development Foundation Inc holds total assets of $8,794,843 as reported in IRS 990 filings.
Where is Bristol Hospital Development Foundation Inc located?
Bristol Hospital Development Foundation Inc is based in Bristol, Connecticut.
What is Bristol Hospital Development Foundation Inc's EIN?
Bristol Hospital Development Foundation Inc's Employer Identification Number (EIN) is 222577740. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bristol Hospital Development Foundation Inc?
Bristol Hospital Development Foundation Inc is classified under NTEE code E22I (Health Care).
Is Bristol Hospital Development Foundation Inc a registered 501(c)(3)?
Yes, Bristol Hospital Development Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222577740.
Does Bristol Hospital Development Foundation Inc file IRS Form 990?
Yes, Bristol Hospital Development Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Bristol Hospital Development Foundation Inc's revenue in 2023?
In the 202309 filing period, Bristol Hospital Development Foundation Inc reported total revenue of $992,629, total expenses of $278,290, and net assets of $7,644,232.
Is Bristol Hospital Development Foundation Inc's revenue growing or declining?
Bristol Hospital Development Foundation Inc's revenue is declining. Revenue went from $2,769,616 (202209) to $992,629 (202309), a -64.2% change. Based on 13 filings on record.
What is Bristol Hospital Development Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bristol Hospital Development Foundation Inc covers tax period 202309. It shows revenue of $992,629, expenses of $278,290, total assets of $7,644,232, and liabilities of $1,358,327.
How much does Bristol Hospital Development Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Bristol Hospital Development Foundation Inc allocates approximately 89% of expenses to program services, 11% to administrative costs, and 0% to fundraising. This indicates strong program focus.
Is Bristol Hospital Development Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bristol Hospital Development Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Bristol Hospital Development Foundation Inc's strengths?
Positive indicators for Bristol Hospital Development Foundation Inc include: Consistent program spending, with 89% of expenses dedicated to programs in 2023 ($883,439 out of $992,629 total expenses, assuming 'x' is total expenses).. Strong asset growth over the long term, indicating sound financial management and investment.. Zero reported fundraising expenses suggests highly efficient fundraising or significant reliance on non-fundraising revenue.. These findings are derived from AI analysis of the organization's financial filings.
How does Bristol Hospital Development Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, as 'x' represents total expenses, not specifically executive compensation. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
Given the reported 0% fundraising expenses, what are the primary revenue generation strategies employed by the Bristol Hospital Development Foundation?
The consistent reporting of 0% fundraising expenses suggests that the foundation primarily relies on direct donations, grants, investment income, or other non-fundraising-intensive revenue streams. Further investigation into their financial statements would be needed to identify the specific sources.
What factors contributed to the significant drop in revenue from $2,769,616 in 2022 to $992,629 in 2023, and how might this impact future operations?
The substantial decrease in revenue could be due to various factors such as a large one-time donation in 2022 not repeated in 2023, a decline in investment returns, or a change in grant funding. This drop could impact the foundation's ability to fund programs or maintain asset growth if not addressed.
Filing History
IRS 990 filing history for Bristol Hospital Development Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bristol Hospital Development Foundation Inc's revenue has declined by 23.6%, moving from $1.3M to $993K. Total assets increased by 3.7% over the same period, from $7.4M to $7.6M. Total functional expenses fell by 76.6%, from $1.2M to $278K. In its most recent filing year (2023), Bristol Hospital Development Foundation Inc reported a surplus of $714K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $7.6M in assets (debt-to-asset ratio: 17.8%), resulting in net assets of $6.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $993K | $278K | $7.6M | $1.4M | — | View 990 |
| 2022 | $2.8M | $279K | $7.5M | $1.2M | — | — |
| 2021 | $1.8M | $245K | $12.8M | $1.1M | — | View 990 |
| 2020 | $1.5M | $400K | $11.0M | $851K | — | View 990 |
| 2019 | $2.6M | $731K | $9.7M | $438K | — | View 990 |
| 2018 | $1.3M | $1.8M | $8.1M | $369K | — | View 990 |
| 2017 | $1.4M | $1.2M | $7.5M | $360K | — | View 990 |
| 2016 | $1.2M | $1.3M | $6.8M | $466K | — | View 990 |
| 2015 | $1.6M | $1.9M | $6.4M | $349K | — | View 990 |
| 2014 | $2.3M | $1.9M | $8.1M | $1.4M | — | View 990 |
| 2013 | $1.3M | $3.7M | $7.2M | $957K | — | View 990 |
| 2012 | $1.2M | $1.1M | $8.5M | $1.7M | — | View 990 |
| 2011 | $1.3M | $1.2M | $7.4M | $1.5M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $993K, expenses of $278K, and assets of $7.6M (revenue -64.2% year-over-year).
- 2022: Revenue of $2.8M, expenses of $279K, and assets of $7.5M (revenue +55.5% year-over-year).
- 2021: Revenue of $1.8M, expenses of $245K, and assets of $12.8M (revenue +16.1% year-over-year).
- 2020: Revenue of $1.5M, expenses of $400K, and assets of $11.0M (revenue -41.8% year-over-year).
- 2019: Revenue of $2.6M, expenses of $731K, and assets of $9.7M (revenue +104.9% year-over-year).
- 2018: Revenue of $1.3M, expenses of $1.8M, and assets of $8.1M (revenue -11.2% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.2M, and assets of $7.5M (revenue +22.5% year-over-year).
- 2016: Revenue of $1.2M, expenses of $1.3M, and assets of $6.8M (revenue -25.4% year-over-year).
- 2015: Revenue of $1.6M, expenses of $1.9M, and assets of $6.4M (revenue -31.6% year-over-year).
- 2014: Revenue of $2.3M, expenses of $1.9M, and assets of $8.1M (revenue +71.5% year-over-year).
- 2013: Revenue of $1.3M, expenses of $3.7M, and assets of $7.2M (revenue +12.6% year-over-year).
- 2012: Revenue of $1.2M, expenses of $1.1M, and assets of $8.5M (revenue -7.8% year-over-year).
- 2011: Revenue of $1.3M, expenses of $1.2M, and assets of $7.4M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bristol Hospital Development Foundation Inc:
Data Sources and Methodology
This transparency report for Bristol Hospital Development Foundation Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.