Quick charity verification for Bridges Of Hope Inc (EIN: 208807679)
Verdict: Bridges Of Hope Inc appears trustworthy
70/100Mission Score
$112KRevenue
$3KAssets
3Red Flags
3Strengths
Red Flags
Extreme revenue volatility year-over-year (e.g., $603,790 in 2019 to $80,200 in 2020)
Consistently very low asset base (e.g., $2,523 current, $3,551 in 2023) indicating limited reserves
Occasional operating deficits (e.g., $104,560 revenue vs. $104,653 expenses in 2023)
Strengths
Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission
Zero reported liabilities across all filings, demonstrating sound debt management
Strong program focus implied by low administrative overhead (estimated)
Spending Breakdown
How Bridges Of Hope 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
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 Bridges Of Hope Inc
Is Bridges Of Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridges Of Hope Inc (EIN: 208807679) appears trustworthy. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
Is Bridges Of Hope Inc a good charity to donate to?
Bridges Of Hope Inc has a Mission Score of 70/100. Revenue: $112K. Assets: $3K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bridges Of Hope Inc?
The Employer Identification Number (EIN) for Bridges Of Hope Inc is 208807679. 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 Bridges Of Hope Inc spend its money?
Bridges Of Hope Inc allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bridges Of Hope Inc's tax-exempt status?
You can verify Bridges Of Hope Inc's tax-exempt status using EIN 208807679 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
Bridges Of Hope Inc, a small nonprofit based in East Haven, CT, exhibits a mixed financial picture. While the organization consistently reports zero liabilities and no officer compensation, indicating good financial hygiene and a volunteer-driven model, its revenue has been highly volatile over the past decade. For instance, revenue plummeted from $603,790 in 2019 to $80,200 in 2020, and then rebounded to $271,757 in 2022 before dropping again to $104,560 in 2023. This significant fluctuation in funding makes long-term financial planning and consistent program delivery challenging. The organization's assets remain very low, typically under $5,000 in most years, with a notable exception of $99,539 in 2019, which quickly reverted to previous levels. This suggests a lack of significant reserves or capital investment, which could impact its resilience during lean periods. The consistent reporting of zero officer compensation is a strong indicator of transparency and a focus on directing funds to the mission rather than executive salaries.