Bridge Charitable Fund

Bridge Charitable Fund operates with minimal liabilities but has seen declining assets as expenses frequently exceed revenue.

EIN: 16019398 · Dresden, ME · NTEE: P20 · Updated: 2026-03-28

$9KRevenue

$9KAssets

70/100Mission Score (Good)

P20

About Bridge Charitable Fund

Bridge Charitable Fund (EIN: 16019398) is a nonprofit organization based in Dresden, ME, classified under NTEE code P20. The organization reported total revenue of $9K and total assets of $9K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridge Charitable Fund's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Bridge Charitable Fund demonstrates consistent financial activity, with revenues and expenses fluctuating around the $5,000-$11,000 range over the past six filing periods. The organization's assets have seen a gradual decline from a high of $16,886 in 2021 to $11,757 in 2024, while liabilities have remained minimal at $1 or $0, indicating a healthy balance sheet free from significant debt. The consistent reporting of 0% officer compensation across all filings suggests a volunteer-driven leadership or that compensation is covered by other means, which can be a positive indicator for donor confidence. However, with expenses frequently exceeding revenue, as seen in 2024 ($11,170 expenses vs. $7,381 revenue) and 2022 ($7,896 expenses vs. $6,095 revenue), the organization appears to be drawing down its asset base to cover operational costs. This trend, if continued, could impact long-term sustainability. Further details on program spending versus administrative and fundraising costs would provide a clearer picture of spending efficiency, as this data is not explicitly provided in the summary.

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bridge Charitable Fund with a Mission Score of 70 out of 100 (Good). 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, Bridge Charitable Fund 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.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are not directly compensated through the organization's reported expenses, which is a positive sign for resource allocation given the organization's small size and revenue.

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 Charitable Fund's IRS 990 filings:

Consistent trend of expenses exceeding revenue, potentially drawing down assets (e.g., 2024: $11,170 expenses vs. $7,381 revenue).
Declining asset base over recent years (from $16,886 in 2021 to $11,757 in 2024).

Strengths

The following positive indicators were identified for Bridge Charitable Fund:

Zero reported officer compensation, indicating efficient use of funds for other purposes.
Minimal liabilities across all filing periods ($0 or $1), demonstrating strong financial solvency.
Consistent filing history over six periods, indicating transparency and compliance.

Frequently Asked Questions about Bridge Charitable Fund

Is Bridge Charitable Fund financially sustainable given its trend of expenses exceeding revenue?

The organization has frequently reported expenses exceeding revenue, for example, $11,170 in expenses against $7,381 in revenue in 2024. This trend has led to a decline in assets from $16,886 in 2021 to $11,757 in 2024. While current liabilities are minimal, continued operation at a deficit could impact long-term sustainability if not addressed.

What is the nature of the organization's expenses, given the lack of officer compensation?

With 0% officer compensation reported, the expenses of Bridge Charitable Fund, which reached $11,170 in 2024, are likely allocated to program services, administrative overhead, and potentially fundraising activities. Without a detailed breakdown, the exact allocation remains unclear, but the absence of executive pay suggests a focus on other operational costs.

How does Bridge Charitable Fund manage to operate with such low revenue and assets?

Bridge Charitable Fund operates with relatively low revenue (e.g., $7,381 in 2024) and assets (e.g., $11,757 in 2024). This suggests a lean operational model, potentially relying heavily on volunteers, in-kind donations, or very targeted, low-cost programs. The minimal liabilities also indicate careful financial management.

Filing History

IRS 990 filing history for Bridge Charitable Fund showing financial trends over 6 years of public records:

Over 6 years of IRS 990 filings (2016–2024), Bridge Charitable Fund's revenue has grown by 42.7%, moving from $5K to $7K. Total assets decreased by 26.7% over the same period, from $16K to $12K. Total functional expenses rose by 86.3%, from $6K to $11K. In its most recent filing year (2024), Bridge Charitable Fund reported a deficit of $4K, with expenses exceeding revenue. The organization holds $1 in liabilities against $12K in assets (debt-to-asset ratio: 0.0%), resulting in net assets of $12K.

Year	Revenue	Expenses	Assets	Liabilities	Officer Comp.	PDF
2024	$7K	$11K	$12K	$1	—	—
2023	$10K	$10K	$15K	$1	—	View 990
2022	$6K	$8K	$15K	$1	—	—
2021	$8K	$7K	$17K	$1	—	View 990
2020	$5K	$6K	$17K	$0	—	View 990
2016	$5K	$6K	$16K	$0	—	View 990

Year-by-Year Financial Summary

2024: Revenue of $7K, expenses of $11K, and assets of $12K (revenue -29.5% year-over-year).
2023: Revenue of $10K, expenses of $10K, and assets of $15K (revenue +71.7% year-over-year).
2022: Revenue of $6K, expenses of $8K, and assets of $15K (revenue -19.3% year-over-year).
2021: Revenue of $8K, expenses of $7K, and assets of $17K (revenue +43.8% year-over-year).
2020: Revenue of $5K, expenses of $6K, and assets of $17K (revenue +1.5% year-over-year).
2016: Revenue of $5K, expenses of $6K, and assets of $16K.

Data Sources and Methodology

This transparency report for Bridge Charitable Fund 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.