Quick charity verification for Bridge Street Development Corporation (EIN: 113250772)
Verdict: Bridge Street Development Corporation appears trustworthy
88/100Mission Score
$3.3MRevenue
$2.1MAssets
3Red Flags
4Strengths
Red Flags
Consistent 0% officer compensation for an organization of this size, which may obscure actual executive compensation if it's reported elsewhere.
Expenses exceeded revenue in 2023 ($4,602,910 vs $4,532,842), leading to a minor deficit.
Significant increase in liabilities from $364,100 in 2022 to $990,374 in 2023, requiring further scrutiny.
Strengths
Strong and consistent revenue growth, from $1,459,178 in 2014 to $4,532,842 in 2023.
Healthy asset base ($2,763,053 in 2023) significantly exceeding liabilities ($990,374 in 2023), indicating financial stability.
Positive asset growth over the past decade, demonstrating increasing capacity.
Mission alignment with NTEE code S20 (Community Development) and consistent operational activity.
Spending Breakdown
How Bridge Street Development Corporation allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
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 Bridge Street Development Corporation
Is Bridge Street Development Corporation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridge Street Development Corporation (EIN: 113250772) appears trustworthy. Mission Score: 88/100. 3 red flags identified, 4 strengths noted.
Is Bridge Street Development Corporation a good charity to donate to?
Bridge Street Development Corporation has a Mission Score of 88/100. Revenue: $3.3M. Assets: $2.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bridge Street Development Corporation?
The Employer Identification Number (EIN) for Bridge Street Development Corporation is 113250772. 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 Bridge Street Development Corporation spend its money?
Bridge Street Development Corporation allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bridge Street Development Corporation's tax-exempt status?
You can verify Bridge Street Development Corporation's tax-exempt status using EIN 113250772 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
Bridge Street Development Corporation demonstrates a generally healthy financial position with consistent revenue growth over the past several years, culminating in $4,532,842 in revenue in 2023. While expenses ($4,602,910 in 2023) have occasionally exceeded revenue, leading to minor deficits, the organization maintains a solid asset base of $2,763,053 as of 2023, significantly exceeding its liabilities of $990,374. This indicates good financial stability and an ability to cover its obligations.
The organization's spending efficiency appears strong, particularly given the reported 0% officer compensation across all available filings, suggesting that leadership is either unpaid or compensated through other means not categorized as officer compensation on the 990, which is a positive indicator for donor confidence. The NTEE code S20 (Community Development) aligns with their mission, and the consistent growth in both revenue and assets suggests expanding program reach and impact. Further detailed breakdown of program vs. administrative expenses would provide a more granular view of spending efficiency, but the overall trend is positive.
Transparency is generally good, with a consistent filing history. The absence of reported officer compensation is a notable point for transparency, as it either indicates volunteer leadership or compensation structured in a way that doesn't appear in that specific line item, which would warrant further inquiry for complete understanding. The organization's financial health appears robust, with a strong asset-to-liability ratio and a clear growth trajectory.