Consistent operational deficits (expenses exceeding revenue) in most reported periods.
Significant decline in total assets over the past decade, from $919,553 in 201406 to $578,495 in 202306.
Liabilities have remained relatively stable or increased slightly while assets have declined, impacting the organization's net asset position.
Strengths
Zero officer compensation reported across all filings, indicating volunteer leadership and potentially lower administrative costs.
Consistent filing of IRS Form 990s, demonstrating a commitment to transparency.
Maintains a significant asset base ($578,495 in 202306) despite consistent deficits, providing some financial cushion.
Spending Breakdown
How Bridgton Ice Arena Inc allocates its funds across programs, administration, and fundraising.
80%
Program Spending
Healthy — majority goes to mission
15%
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 Bridgton Ice Arena Inc
Is Bridgton Ice Arena Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridgton Ice Arena Inc (EIN: 10513859) shows mixed signals. Mission Score: 65/100. 3 red flags identified, 3 strengths noted.
Is Bridgton Ice Arena Inc a good charity to donate to?
Bridgton Ice Arena Inc has a Mission Score of 65/100. Revenue: $206K. Assets: $588K. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bridgton Ice Arena Inc?
The Employer Identification Number (EIN) for Bridgton Ice Arena Inc is 10513859. 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 Bridgton Ice Arena Inc spend its money?
Bridgton Ice Arena Inc allocates 80% to programs, 15% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bridgton Ice Arena Inc's tax-exempt status?
You can verify Bridgton Ice Arena Inc's tax-exempt status using EIN 10513859 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
Bridgton Ice Arena Inc. demonstrates consistent operational deficits, with expenses frequently exceeding revenue. For instance, in the 202306 period, expenses were $230,791 against revenues of $173,944, resulting in a deficit of $56,847. This trend is visible across multiple years, indicating a reliance on existing assets or other funding sources to cover operational costs. The organization's assets have also shown a declining trend over the past decade, from $919,553 in 201406 to $578,495 in 202306, suggesting that these deficits are being covered by drawing down reserves.
Regarding spending efficiency, without a detailed breakdown of program, administrative, and fundraising expenses, it's challenging to fully assess. However, the consistent operational losses raise questions about long-term financial sustainability. The organization reports 0% officer compensation across all filings, which is a positive indicator of volunteer leadership and potentially lower administrative overhead.
Transparency appears to be adequate given the consistent filing of IRS Form 990s. However, the lack of detailed expense breakdowns in the provided data limits a deeper analysis of how funds are allocated between direct program services and supporting activities. A more granular view of expenses would enhance understanding of their spending efficiency.