Bride Charitable Foundation
Bride Charitable Foundation consistently spends more than it earns, leading to declining assets.
EIN: 10356704 · Westbrook, ME · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2K |
| Total Expenses | $2K |
| Program Spending | 75% |
| Net Assets | $6K |
| Transparency Score | 45/100 |
Is Bride Charitable Foundation Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bride Charitable Foundation directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bride Charitable Foundation
Bride Charitable Foundation (EIN: 10356704) is a nonprofit organization based in Westbrook, ME. The organization reported total revenue of $2K and total assets of $6K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bride Charitable Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bride Charitable Foundation is a micro nonprofit that has been operating for 48 years, with 8 years of IRS 990 filings on record (2011–2021). Revenue has grown at a compound annual rate of -17.3%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $1K |
| Total Expenses | $2K |
| Surplus / Deficit | $-931 |
| Total Assets | $6K |
| Total Liabilities | $1 |
| Net Assets | $6K |
| Operating Margin | -85.7% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 36.6 months |
Financial Health Grade: B
In 2021, Bride Charitable Foundation reported a deficit of $931 with expenses exceeding revenue, holds 36.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 8 years of filings (2011–2021), Bride Charitable Foundation's revenue has declined at a compound annual growth rate (CAGR) of -17.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -59.5% | -14.8% | -13.1% |
| 2020 | +254.1% | +25.8% | +4.7% |
| 2019 | -37.0% | -43.7% | -49.2% |
| 2015 | +36.2% | -20.8% | -13.8% |
| 2014 | -80.4% | -44.3% | -17.7% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1978 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bride Charitable Foundation with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Bride Charitable Foundation allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $931, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, which is excellent for an organization of this size and indicates that no funds are being diverted to pay officers.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Red Flags
The following concerns were identified during AI analysis of Bride Charitable Foundation's IRS 990 filings:
- 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
The following positive indicators were identified for Bride Charitable Foundation:
- Zero executive compensation reported across all filings.
- Consistently low liabilities ($1 reported in all filings).
- Regular filing of IRS Form 990s, indicating basic transparency.
Frequently Asked Questions about Bride Charitable Foundation
Is Bride Charitable Foundation a legitimate charity?
Bride Charitable Foundation (EIN: 10356704) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 45/100. It has 8 years of IRS 990 filings on record. Total revenue: $2K. 3 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bride Charitable Foundation spend its money?
Bride Charitable Foundation directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Bride Charitable Foundation tax-deductible?
Bride Charitable Foundation is registered as a tax-exempt nonprofit (EIN: 10356704). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bride Charitable Foundation's spending goes to programs?
Bride Charitable Foundation directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
Where is Bride Charitable Foundation located?
Bride Charitable Foundation is headquartered in Westbrook, Maine and files with the IRS under EIN 10356704.
How many years of IRS 990 filings does Bride Charitable Foundation have?
Bride Charitable Foundation has 8 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $2K in total revenue.
Is Bride Charitable Foundation financially sustainable?
Based on the provided data, the foundation has consistently reported expenses exceeding revenue for many years (e.g., $1,086 revenue vs. $2,017 expenses in 2021), leading to a decline in assets from $21,885 in 2012 to $6,160 in 2021. This trend suggests it is not financially sustainable without a significant change in funding or spending.
What is the primary purpose of Bride Charitable Foundation?
The provided data does not include information on the organization's NTEE code or mission statement, making it impossible to determine its primary purpose or program areas from this financial summary alone.
How does the foundation manage its liabilities?
The foundation consistently reports very low liabilities, typically $1 across all available filings, indicating it does not carry significant debt.
Filing History
IRS 990 filing history for Bride Charitable Foundation showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2011–2021), Bride Charitable Foundation's revenue has declined by 85%, moving from $7K to $1K. Total assets decreased by 69% over the same period, from $20K to $6K. Total functional expenses fell by 75.6%, from $8K to $2K. In its most recent filing year (2021), Bride Charitable Foundation reported a deficit of $931, with expenses exceeding revenue. The organization holds $1 in liabilities against $6K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $6K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $1K | $2K | $6K | $1 | — | View 990 |
| 2020 | $3K | $2K | $7K | $1 | — | View 990 |
| 2019 | $758 | $2K | $7K | $1 | — | — |
| 2015 | $1K | $3K | $13K | $1 | — | View 990 |
| 2014 | $883 | $4K | $15K | $1 | — | View 990 |
| 2013 | $5K | $8K | $19K | $1 | — | View 990 |
| 2012 | $8K | $6K | $22K | $1 | — | View 990 |
| 2011 | $7K | $8K | $20K | $1 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $1K, expenses of $2K, and assets of $6K (revenue -59.5% year-over-year).
- 2020: Revenue of $3K, expenses of $2K, and assets of $7K (revenue +254.1% year-over-year).
- 2019: Revenue of $758, expenses of $2K, and assets of $7K (revenue -37.0% year-over-year).
- 2015: Revenue of $1K, expenses of $3K, and assets of $13K (revenue +36.2% year-over-year).
- 2014: Revenue of $883, expenses of $4K, and assets of $15K (revenue -80.4% year-over-year).
- 2013: Revenue of $5K, expenses of $8K, and assets of $19K (revenue -46.4% year-over-year).
- 2012: Revenue of $8K, expenses of $6K, and assets of $22K (revenue +16.1% year-over-year).
- 2011: Revenue of $7K, expenses of $8K, and assets of $20K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bride Charitable Foundation:
Data Sources and Methodology
This transparency report for Bride Charitable Foundation is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.