Bridge Downeast
EIN: 275124242 · Harkers Is, NC · NTEE: O50
| Metric | Value |
|---|---|
| Total Revenue | $450K |
| Total Expenses | $371K |
| Net Assets | $594K |
Is Bridge Downeast Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bridge Downeast
Bridge Downeast (EIN: 275124242) is a nonprofit organization based in Harkers Is, NC, classified under NTEE code O50. The organization reported total revenue of $450K and total assets of $679K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridge Downeast's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridge Downeast is a small nonprofit that has been operating for 15 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 21.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $377K |
| Total Expenses | $371K |
| Surplus / Deficit | +$6K |
| Total Assets | $611K |
| Total Liabilities | $17K |
| Net Assets | $594K |
| Operating Margin | 1.5% |
| Debt-to-Asset Ratio | 2.8% |
| Months of Reserves | 19.8 months |
Financial Health Grade: A
In 2023, Bridge Downeast reported a surplus of $6K with revenue exceeding expenses, holds 19.8 months of operating reserves (strong position), has a debt-to-asset ratio of 2.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bridge Downeast's revenue has grown at a compound annual growth rate (CAGR) of 21.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +44.5% | +35.5% | +3.8% |
| 2022 | -20.8% | +51.0% | -2.1% |
| 2021 | +124.6% | +23.2% | +32.5% |
| 2020 | -33.5% | -18.9% | -0.2% |
| 2019 | +18.7% | -3.6% | +8.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2011 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bridge Downeast has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bridge Downeast with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $6K, with revenue exceeding expenses.
- Debt-to-asset ratio: 2.8%.
Frequently Asked Questions about Bridge Downeast
Is Bridge Downeast a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridge Downeast (EIN: 275124242) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bridge Downeast spend its money?
Detailed spending breakdown data is not yet available for Bridge Downeast. Check back for updated IRS 990 analysis.
Are donations to Bridge Downeast tax-deductible?
Bridge Downeast is registered as a tax-exempt nonprofit (EIN: 275124242). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bridge Downeast located?
Bridge Downeast is headquartered in Harkers Is, North Carolina and files with the IRS under EIN 275124242. It is classified under NTEE code O50.
How many years of IRS 990 filings does Bridge Downeast have?
Bridge Downeast has 13 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 $450K in total revenue.
Filing History
IRS 990 filing history for Bridge Downeast showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bridge Downeast's revenue has grown by 883.1%, moving from $38K to $377K. Total assets increased by 3484.2% over the same period, from $17K to $611K. Total functional expenses rose by 1645.8%, from $21K to $371K. In its most recent filing year (2023), Bridge Downeast reported a surplus of $6K, with revenue exceeding expenses. The organization holds $17K in liabilities against $611K in assets (debt-to-asset ratio: 2.8%), resulting in net assets of $594K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $377K | $371K | $611K | $17K | — | View 990 |
| 2022 | $261K | $274K | $589K | $473 | — | — |
| 2021 | $329K | $181K | $602K | $140 | — | — |
| 2020 | $147K | $147K | $454K | $457 | — | — |
| 2019 | $220K | $181K | $455K | $484 | — | View 990 |
| 2018 | $186K | $188K | $419K | $3K | — | View 990 |
| 2017 | $212K | $213K | $419K | $557 | — | View 990 |
| 2016 | $331K | $222K | $420K | $1K | — | View 990 |
| 2015 | $234K | $234K | $315K | $5K | — | View 990 |
| 2014 | $346K | $56K | $310K | $0 | — | View 990 |
| 2013 | $47K | $57K | $19K | $0 | — | View 990 |
| 2012 | $70K | $59K | $28K | $0 | — | View 990 |
| 2011 | $38K | $21K | $17K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $377K, expenses of $371K, and assets of $611K (revenue +44.5% year-over-year).
- 2022: Revenue of $261K, expenses of $274K, and assets of $589K (revenue -20.8% year-over-year).
- 2021: Revenue of $329K, expenses of $181K, and assets of $602K (revenue +124.6% year-over-year).
- 2020: Revenue of $147K, expenses of $147K, and assets of $454K (revenue -33.5% year-over-year).
- 2019: Revenue of $220K, expenses of $181K, and assets of $455K (revenue +18.7% year-over-year).
- 2018: Revenue of $186K, expenses of $188K, and assets of $419K (revenue -12.5% year-over-year).
- 2017: Revenue of $212K, expenses of $213K, and assets of $419K (revenue -36.0% year-over-year).
- 2016: Revenue of $331K, expenses of $222K, and assets of $420K (revenue +41.4% year-over-year).
- 2015: Revenue of $234K, expenses of $234K, and assets of $315K (revenue -32.4% year-over-year).
- 2014: Revenue of $346K, expenses of $56K, and assets of $310K (revenue +634.8% year-over-year).
- 2013: Revenue of $47K, expenses of $57K, and assets of $19K (revenue -32.5% year-over-year).
- 2012: Revenue of $70K, expenses of $59K, and assets of $28K (revenue +82.4% year-over-year).
- 2011: Revenue of $38K, expenses of $21K, and assets of $17K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridge Downeast:
Data Sources and Methodology
This transparency report for Bridge Downeast 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.