Is Bridge To Independence Inc Legit?

Quick charity verification for Bridge To Independence Inc (EIN: 161643585)

Verdict: Bridge To Independence Inc appears trustworthy

90/100Mission Score

$2.2MRevenue

$3.7MAssets

1Red Flags

4Strengths

Red Flags

Significant increase in liabilities from $0 in 202212 to $1,731,107 in 202312 without clear explanation in the summary data.

Strengths

Strong program spending ratio (85% in 202312).
Consistent revenue growth over the past decade, from $642,380 in 201512 to $1,584,028 in 202312.
No reported officer compensation across all available filings, indicating low administrative overhead.
Revenues consistently exceed expenses, leading to asset growth.

Spending Breakdown

How Bridge To Independence Inc allocates its funds across programs, administration, and fundraising.

85%

Program Spending

Healthy — majority goes to mission

10%

Admin Costs

Reasonable — admin costs in check

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 To Independence Inc

Is Bridge To Independence Inc a legitimate charity?

Based on AI analysis of IRS 990 filings, Bridge To Independence Inc (EIN: 161643585) appears trustworthy. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.

Is Bridge To Independence Inc a good charity to donate to?

Bridge To Independence Inc has a Mission Score of 90/100. Revenue: $2.2M. Assets: $3.7M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.

What is the EIN for Bridge To Independence Inc?

The Employer Identification Number (EIN) for Bridge To Independence Inc is 161643585. 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 To Independence Inc spend its money?

Bridge To Independence Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.

How can I verify Bridge To Independence Inc's tax-exempt status?

You can verify Bridge To Independence Inc's tax-exempt status using EIN 161643585 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 To Independence Inc demonstrates a generally healthy financial trajectory with consistent revenue growth over the past decade, culminating in $1,584,028 in revenue for the 202312 period. The organization maintains a strong program spending ratio, with 85% of expenses dedicated to program services in the latest filing, indicating efficient use of donor funds towards its mission. While the organization's assets have grown significantly, reaching $2,356,293 in 202312, its liabilities have also increased to $1,731,107 in the same period, which warrants monitoring to ensure long-term financial stability. The absence of reported officer compensation across all available filings suggests a commitment to minimizing administrative overhead and maximizing resources for direct services.

The organization's financial health appears robust, with revenues consistently exceeding expenses, leading to a surplus that contributes to asset growth. For instance, in 202312, revenue was $1,584,028 against expenses of $1,054,796. This consistent surplus generation, coupled with a high program spending ratio, points to effective financial management and a strong focus on its charitable purpose. The significant increase in assets from $0 in 202212 to $2,356,293 in 202312, alongside a rise in liabilities, suggests potential capital investments or changes in financial reporting that would benefit from further clarification.

Transparency is high regarding executive compensation, as no officer compensation has been reported in any of the available filings. This practice, combined with a strong program spending ratio, enhances donor confidence. The consistent growth in revenue and assets over the years, from $642,380 in 201512 to $1,584,028 in 202312, indicates a growing capacity to serve its community. However, the substantial increase in liabilities in the latest period, from $0 in 202212 to $1,731,107 in 202312, is a notable change that could impact future financial flexibility and warrants closer examination.

View Full Transparency Report →

Disclaimer

AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.