Bridge House Inc
Bridge House Inc. consistently operates near break-even with no reported officer compensation.
EIN: 130522302 · Bridgeport, CT · NTEE: P280 · Updated: 2026-03-28
Is Bridge House Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridge House Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridge House Inc
Bridge House Inc (EIN: 130522302) is a nonprofit organization based in Bridgeport, CT, classified under NTEE code P280. The organization reported total revenue of $1.4M and total assets of $1.8M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridge House Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridge House Inc is a mid-size nonprofit that has been operating for 40 years, with 12 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -0.4%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.6M |
| Total Expenses | $1.6M |
| Surplus / Deficit | $-77,143 |
| Total Assets | $1.7M |
| Total Liabilities | $322K |
| Net Assets | $1.3M |
| Operating Margin | -4.9% |
| Debt-to-Asset Ratio | 19.4% |
| Months of Reserves | 12.1 months |
Financial Health Grade: B
In 2023, Bridge House Inc reported a deficit of $77K with expenses exceeding revenue, holds 12.1 months of operating reserves (strong position), has a debt-to-asset ratio of 19.4% (very low leverage).
Financial Trends
Over 12 years of filings (2012–2023), Bridge House Inc's revenue has declined at a compound annual growth rate (CAGR) of -0.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +1.2% | +11.5% | +3.8% |
| 2022 | +4.7% | -0.9% | -11.1% |
| 2021 | +4.3% | +6.4% | +11.8% |
| 2020 | -1.4% | -1.2% | +5.4% |
| 2019 | +4.5% | -2.7% | +1.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1986 |
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 House Inc with a Mission Score of 90 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Bridge House Inc allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $77K, with expenses exceeding revenue.
- Debt-to-asset ratio: 19.4%.
Executive Compensation Analysis
Bridge House Inc. reports 0% officer compensation across all available filings, indicating that no funds are allocated to executive salaries, which is highly unusual for an organization of its size with annual revenues exceeding $1.4 million.
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 House Inc's IRS 990 filings:
- Slight operational deficit in the most recent filing (202306: Expenses $1,644,416 > Revenue $1,567,273)
Strengths
The following positive indicators were identified for Bridge House Inc:
- Consistent reporting of 0% officer compensation across all filings
- Healthy asset base consistently exceeding liabilities (e.g., 2023 Assets $1,662,262 vs. Liabilities $322,178)
- Stable revenue and expense history over a decade
- Strong program focus implied by 0% officer compensation and consistent operations
Frequently Asked Questions about Bridge House Inc
Is Bridge House Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridge House Inc (EIN: 130522302) some concerns. Mission Score: 90/100. 1 red flag identified, 4 strengths noted.
How does Bridge House Inc spend its money?
Bridge House Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bridge House Inc tax-deductible?
Bridge House Inc is registered as a tax-exempt nonprofit (EIN: 130522302). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bridge House Inc. a good charity?
Based on the available financial data, Bridge House Inc. appears to be a well-managed charity. It consistently operates with revenues and expenses in a similar range, maintains a healthy asset-to-liability ratio, and notably reports 0% officer compensation, suggesting a strong commitment to its mission.
How stable is Bridge House Inc.'s financial position?
Bridge House Inc. demonstrates good financial stability. Its assets of $1,662,262 (2023) consistently outweigh its liabilities, which were $322,178 in the same period. While there are minor operational deficits in some years (e.g., 2023), these are not significant enough to threaten its overall solvency, and the organization has a long history of consistent revenue generation.
What is the trend in Bridge House Inc.'s revenue and expenses?
Bridge House Inc.'s revenue and expenses have remained relatively stable over the past decade, generally fluctuating between $1.4 million and $1.6 million annually. There isn't a significant growth trend, but rather consistent operations within this range, indicating a steady operational scale.
Filing History
IRS 990 filing history for Bridge House Inc showing financial trends over 12 years of public records:
Over 12 years of IRS 990 filings (2012–2023), Bridge House Inc's revenue has declined by 4.2%, moving from $1.6M to $1.6M. Total assets increased by 5.8% over the same period, from $1.6M to $1.7M. Total functional expenses rose by 0.9%, from $1.6M to $1.6M. In its most recent filing year (2023), Bridge House Inc reported a deficit of $77K, with expenses exceeding revenue. The organization holds $322K in liabilities against $1.7M in assets (debt-to-asset ratio: 19.4%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.6M | $1.6M | $1.7M | $322K | — | View 990 |
| 2022 | $1.5M | $1.5M | $1.6M | $243K | — | View 990 |
| 2021 | $1.5M | $1.5M | $1.8M | $300K | — | View 990 |
| 2020 | $1.4M | $1.4M | $1.6M | $264K | — | View 990 |
| 2019 | $1.4M | $1.4M | $1.5M | $235K | — | View 990 |
| 2018 | $1.4M | $1.5M | $1.5M | $255K | — | View 990 |
| 2017 | $1.5M | $1.5M | $1.6M | $267K | — | View 990 |
| 2016 | $1.5M | $1.5M | $1.5M | $254K | — | View 990 |
| 2015 | $1.5M | $1.6M | $1.5M | $276K | — | View 990 |
| 2014 | $1.6M | $1.6M | $1.6M | $325K | — | View 990 |
| 2013 | $1.6M | $1.7M | $1.6M | $343K | — | View 990 |
| 2012 | $1.6M | $1.6M | $1.6M | $340K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.6M, expenses of $1.6M, and assets of $1.7M (revenue +1.2% year-over-year).
- 2022: Revenue of $1.5M, expenses of $1.5M, and assets of $1.6M (revenue +4.7% year-over-year).
- 2021: Revenue of $1.5M, expenses of $1.5M, and assets of $1.8M (revenue +4.3% year-over-year).
- 2020: Revenue of $1.4M, expenses of $1.4M, and assets of $1.6M (revenue -1.4% year-over-year).
- 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $1.5M (revenue +4.5% year-over-year).
- 2018: Revenue of $1.4M, expenses of $1.5M, and assets of $1.5M (revenue -7.7% year-over-year).
- 2017: Revenue of $1.5M, expenses of $1.5M, and assets of $1.6M (revenue +1.4% year-over-year).
- 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $1.5M (revenue -4.8% year-over-year).
- 2015: Revenue of $1.5M, expenses of $1.6M, and assets of $1.5M (revenue -4.1% year-over-year).
- 2014: Revenue of $1.6M, expenses of $1.6M, and assets of $1.6M (revenue -2.3% year-over-year).
- 2013: Revenue of $1.6M, expenses of $1.7M, and assets of $1.6M (revenue +0.7% year-over-year).
- 2012: Revenue of $1.6M, expenses of $1.6M, and assets of $1.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridge House Inc:
Data Sources and Methodology
This transparency report for Bridge House 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.