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
| Metric | Value |
|---|---|
| Total Revenue | $9K |
| Total Expenses | $11K |
| Program Spending | 75% |
| Net Assets | $12K |
| Transparency Score | 70/100 |
Search Intent Cockpit
Bridge Charitable Fund Form 990, Revenue, CEO Pay, and IRS Filing Signals
Bridge Charitable Fund is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Bridge Charitable Fund in one place.
Form 990 Filing Summary
6 filing years are available, with latest revenue of $7K and expenses of $11K.
Revenue and Expenses
Bridge Charitable Fund reported $7K in revenue and $11K in expenses, a deficit of $4K.
Executive Compensation
Officer, director, trustee, and key employee pay is reviewed from IRS 990 compensation disclosures when present.
Charity Score and Red Flags
70/100 mission score, 2 red flags, and 3 strengths are shown from structured and AI review.
Is Bridge Charitable Fund Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
IRS 990 Data Cockpit
Where the Money Comes From and Where It Goes
Revenue Source Mix
Revenue-source line items are not available on the stored filing yet. Future ingestion now preserves contribution, program-revenue, and investment-income fields when ProPublica provides them.
Expense Deployment
| Program services | $8K (75%) |
Across stored filings, Bridge Charitable Fund shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.
Decision Cockpit
One-Stop Donor, Research, and Peer Context Hub
| Decision Lens | Signal | What to Inspect Next |
|---|---|---|
| Legitimacy | Some Concerns | Good filing record; 2 red flags identified |
| Mission spend | 75% to programs | Excellent |
| Financial durability | Grade B | 6 stored filing years |
| Peer context | Compare with Maine Composite Materials Applied Technology Development Center | Maine and Human Services context |
Trust Check
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2Understand money
75% of spending goes to programs.
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Bridge Charitable Fund directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
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.
Organization Overview
Bridge Charitable Fund is a micro nonprofit that has been operating for 10 years, with 6 years of IRS 990 filings on record (2016–2024). Revenue has grown at a compound annual rate of 4.5%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $7K |
| Total Expenses | $11K |
| Surplus / Deficit | $-3,789 |
| Total Assets | $12K |
| Total Liabilities | $1 |
| Net Assets | $12K |
| Operating Margin | -51.3% |
| Debt-to-Asset Ratio | 0.0% |
| Months of Reserves | 12.6 months |
Financial Health Grade: B
In 2024, Bridge Charitable Fund reported a deficit of $4K with expenses exceeding revenue, holds 12.6 months of operating reserves (strong position), has a debt-to-asset ratio of 0.0% (very low leverage).
Financial Trends
Over 6 years of filings (2016–2024), Bridge Charitable Fund's revenue has grown at a compound annual growth rate (CAGR) of 4.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | -29.5% | +10.6% | -23.9% |
| 2023 | +71.7% | +28.0% | +2.4% |
| 2022 | -19.3% | +6.5% | -10.7% |
| 2021 | +43.8% | +21.2% | +0.8% |
| 2020 | +1.5% | +2.1% | +4.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 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.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $4K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.0%.
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 a legitimate charity?
Bridge Charitable Fund (EIN: 16019398) is a registered tax-exempt nonprofit based in Maine. Our AI analysis gives it a Mission Score of 70/100. It has 6 years of IRS 990 filings on record. Total revenue: $9K. 2 red flags identified. 3 strengths noted. Financial health grade: B.
How does Bridge Charitable Fund spend its money?
Bridge Charitable Fund directs 75% of its spending to programs and services. Fundraising costs 10%. This exceeds the 65% industry benchmark.
Are donations to Bridge Charitable Fund tax-deductible?
Bridge Charitable Fund is registered as a tax-exempt nonprofit (EIN: 16019398). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bridge Charitable Fund's spending goes to programs?
Bridge Charitable Fund directs 75% to programs, 10% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bridge Charitable Fund compare to similar nonprofits?
With a transparency score of 70/100 (Good), Bridge Charitable Fund is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bridge Charitable Fund located?
Bridge Charitable Fund is headquartered in Dresden, Maine and files with the IRS under EIN 16019398. It is classified under NTEE code P20.
How many years of IRS 990 filings does Bridge Charitable Fund have?
Bridge Charitable Fund has 6 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 $9K in total revenue.
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. % | |
|---|---|---|---|---|---|---|
| 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.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridge Charitable Fund:
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.