Bridge Academy Inc

Is Bridge Academy Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Bridge Academy Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Bridge Academy Inc

Bridge Academy Inc (EIN: 20694031) is a nonprofit organization based in Lawrenceville, NJ, classified under NTEE code B28. The organization reported total revenue of $3.4M and total assets of $2.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridge Academy Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bridge Academy Inc with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.

Spending Breakdown

• admin: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Bridge Academy Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

Bridge Academy Inc consistently reports 0% officer compensation across all available filings, suggesting either a volunteer-led executive team or that executive compensation is reported under other expense categories, which would require further clarification for full transparency.

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 Bridge Academy Inc's IRS 990 filings:

• Lack of detailed functional expense breakdown in summary data
• Unclear how executive compensation is handled given 0% reported officer compensation

Strengths

The following positive indicators were identified for Bridge Academy Inc:

• Consistent operational surplus, indicating financial stability (e.g., 2023 revenue $3,442,437 vs. expenses $3,415,974)
• Steady growth in assets over time (e.g., $1,519,168 in 2015 to $3,084,010 in 2023)
• Long history of IRS 990 filings (13 filings), demonstrating transparency and compliance
• No reported officer compensation, suggesting efficient use of funds or volunteer leadership

Frequently Asked Questions about Bridge Academy Inc

Filing History

IRS 990 filing history for Bridge Academy Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bridge Academy Inc's revenue has grown by 39.7%, moving from $2.5M to $3.4M. Total assets increased by 239.8% over the same period, from $908K to $3.1M. Total functional expenses rose by 43.2%, from $2.4M to $3.4M. In its most recent filing year (2023), Bridge Academy Inc reported a surplus of $26K, with revenue exceeding expenses. The organization holds $1.4M in liabilities against $3.1M in assets (debt-to-asset ratio: 46.4%), resulting in net assets of $1.7M.

Year-by-Year Financial Summary

• 2023: Revenue of $3.4M, expenses of $3.4M, and assets of $3.1M (revenue +13.0% year-over-year).
• 2022: Revenue of $3.0M, expenses of $3.0M, and assets of $2.1M (revenue -13.7% year-over-year).
• 2021: Revenue of $3.5M, expenses of $3.5M, and assets of $2.4M (revenue +5.1% year-over-year).
• 2020: Revenue of $3.4M, expenses of $3.3M, and assets of $2.7M (revenue -4.9% year-over-year).
• 2019: Revenue of $3.5M, expenses of $3.3M, and assets of $2.1M (revenue +10.5% year-over-year).
• 2018: Revenue of $3.2M, expenses of $3.2M, and assets of $1.8M (revenue +11.2% year-over-year).
• 2017: Revenue of $2.9M, expenses of $2.8M, and assets of $1.7M (revenue +0.7% year-over-year).
• 2016: Revenue of $2.9M, expenses of $2.8M, and assets of $1.7M (revenue +5.6% year-over-year).
• 2015: Revenue of $2.7M, expenses of $2.6M, and assets of $1.5M (revenue -2.0% year-over-year).
• 2014: Revenue of $2.8M, expenses of $2.6M, and assets of $1.6M (revenue +3.4% year-over-year).
• 2013: Revenue of $2.7M, expenses of $2.6M, and assets of $1.3M (revenue +4.6% year-over-year).
• 2012: Revenue of $2.5M, expenses of $2.4M, and assets of $1.1M (revenue +3.4% year-over-year).
• 2011: Revenue of $2.5M, expenses of $2.4M, and assets of $908K.

Data Sources and Methodology

This transparency report for Bridge Academy Inc 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.