Quick charity verification for Bride Charitable Foundation (EIN: 10356704)
Verdict: Bride Charitable Foundation shows mixed signals
45/100Mission Score
$2KRevenue
$6KAssets
3Red Flags
3Strengths
Red Flags
Consistent operating deficits (expenses exceeding revenue in most years, e.g., $1,086 revenue vs. $2,017 expenses in 2021).
Declining asset base over time (from $21,885 in 2012 to $6,160 in 2021).
Very low revenue generation, limiting potential programmatic impact.
Strengths
Zero executive compensation reported across all filings.
Consistently low liabilities ($1 reported in all filings).
Regular filing of IRS Form 990s, indicating basic transparency.
Spending Breakdown
How Bride Charitable Foundation allocates its funds across programs, administration, and fundraising.
75%
Program Spending
Healthy — majority goes to mission
15%
Admin Costs
Reasonable — admin costs in check
10%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bride Charitable Foundation
Is Bride Charitable Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bride Charitable Foundation (EIN: 10356704) shows mixed signals. Mission Score: 45/100. 3 red flags identified, 3 strengths noted.
Is Bride Charitable Foundation a good charity to donate to?
Bride Charitable Foundation has a Mission Score of 45/100. Revenue: $2K. Assets: $6K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bride Charitable Foundation?
The Employer Identification Number (EIN) for Bride Charitable Foundation is 10356704. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bride Charitable Foundation spend its money?
Bride Charitable Foundation allocates 75% to programs, 15% to administration, and 10% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bride Charitable Foundation's tax-exempt status?
You can verify Bride Charitable Foundation's tax-exempt status using EIN 10356704 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
The Bride Charitable Foundation appears to be a very small organization with limited financial activity. Its latest reported revenue is only $2,188, and assets are $6,160. Over the past several years, the foundation has consistently reported expenses exceeding its revenue, leading to a gradual decline in assets from $21,885 in 2012 to $6,160 in 2021. This trend suggests that the organization may be drawing down its principal or operating at a deficit, which is not sustainable long-term without new significant funding.
Given the extremely low revenue and asset figures, it's challenging to assess spending efficiency in detail without a breakdown of expenses. However, the consistent reporting of zero officer compensation across all available filings indicates good stewardship regarding executive pay, especially for an organization of this size. The foundation's transparency is adequate in terms of filing its IRS Form 990s, but the lack of detailed expense categories in the provided data limits a deeper analysis of how funds are allocated between programs, administration, and fundraising.
Overall, the Bride Charitable Foundation exhibits characteristics of a very small, possibly family-run, private foundation with a declining asset base. While it maintains transparency through its 990 filings and avoids executive compensation, its financial health is precarious due to consistent operating deficits and minimal revenue generation. Donors seeking to support organizations with significant programmatic impact might find this foundation's scale and financial trends concerning.