Bridge Of Promise
Bridge Of Promise shows consistent revenue growth and strong asset accumulation with no reported officer compensation.
EIN: 204043915 · Carnation, WA · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $1.5M |
| Total Expenses | $999K |
| Program Spending | 85% |
| CEO/Top Officer Pay | $1.3M |
| Net Assets | $1.0M |
| Transparency Score | 90/100 |
Is Bridge Of Promise Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridge Of Promise directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridge Of Promise
Bridge Of Promise (EIN: 204043915) is a nonprofit organization based in Carnation, WA, classified under NTEE code P20. The organization reported total revenue of $1.5M and total assets of $938K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridge Of Promise's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridge Of Promise is a mid-size nonprofit that has been operating for 14 years, with 11 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of 33.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $999K |
| Surplus / Deficit | +$343K |
| Total Assets | $1.0M |
| Total Liabilities | $3K |
| Net Assets | $1.0M |
| Operating Margin | 25.5% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 12.5 months |
Financial Health Grade: A
In 2023, Bridge Of Promise reported a surplus of $343K with revenue exceeding expenses, holds 12.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 11 years of filings (2013–2023), Bridge Of Promise's revenue has grown at a compound annual growth rate (CAGR) of 33.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +23.7% | +30.1% | +48.6% |
| 2022 | +27.4% | +36.3% | +47.2% |
| 2021 | +67.9% | +4.2% | +156.0% |
| 2020 | -28.2% | -16.9% | +46.1% |
| 2019 | +29.8% | +18.3% | +79.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Of Promise 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 Of Promise 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 surplus of $343K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Bridge Of Promise has consistently reported 0% officer compensation across all 11 filings, indicating that its leadership either serves on a volunteer basis or is compensated through other means not categorized as officer compensation, which is highly unusual for an organization of its size and revenue ($1.3M+ in 2023).
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 Of Promise's IRS 990 filings:
- Lack of detailed expense breakdown in provided data prevents granular analysis of program vs. administrative spending.
Strengths
The following positive indicators were identified for Bridge Of Promise:
- Consistent and significant revenue growth, from $199,753 in 2014 to $1,342,245 in 2023.
- Strong asset accumulation, growing from $41,217 in 2014 to $1,041,878 in 2023.
- Very low liabilities across all filing periods, indicating strong financial stability.
- Consistent reporting of 0% officer compensation, suggesting high efficiency in directing funds to mission.
- Positive net income (revenue exceeding expenses) in recent years, such as $342,753 in 2023 ($1,342,245 revenue - $999,492 expenses).
Frequently Asked Questions about Bridge Of Promise
Is Bridge Of Promise a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridge Of Promise (EIN: 204043915) some concerns. Mission Score: 90/100. 1 red flag identified, 5 strengths noted.
How does Bridge Of Promise spend its money?
Bridge Of Promise directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bridge Of Promise tax-deductible?
Bridge Of Promise is registered as a tax-exempt nonprofit (EIN: 204043915). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Bridge Of Promise CEO make?
Bridge Of Promise's highest-compensated officer earns $1.3M annually. The organization reported $1.5M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Bridge Of Promise's spending goes to programs?
Bridge Of Promise directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bridge Of Promise compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Bridge Of Promise 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 Of Promise located?
Bridge Of Promise is headquartered in Carnation, Washington and files with the IRS under EIN 204043915. It is classified under NTEE code P20.
How many years of IRS 990 filings does Bridge Of Promise have?
Bridge Of Promise has 11 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 $1.5M in total revenue.
Is Bridge Of Promise a good charity?
Based on the provided financial data, Bridge Of Promise appears to be a financially healthy and well-managed charity. It demonstrates consistent revenue growth, strong asset accumulation, and very low liabilities. The absence of reported officer compensation is a significant positive indicator of resource allocation towards its mission.
How has Bridge Of Promise's financial health changed over time?
Bridge Of Promise has shown remarkable financial growth and improvement. Its revenue increased from $199,753 in 2014 to $1,342,245 in 2023, and assets grew from $41,217 to $1,041,878 over the same period. The organization has consistently operated with a surplus in recent years, indicating robust financial management.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all available IRS 990 filings. This suggests that executive leadership may be entirely volunteer-based or compensated through non-officer categories, which is a strong indicator of directing resources to programs.
Filing History
IRS 990 filing history for Bridge Of Promise showing financial trends over 11 years of public records:
Over 11 years of IRS 990 filings (2013–2023), Bridge Of Promise's revenue has grown by 1675.6%, moving from $76K to $1.3M. Total assets increased by 29084.3% over the same period, from $4K to $1.0M. Total functional expenses rose by 1194.9%, from $77K to $999K. In its most recent filing year (2023), Bridge Of Promise reported a surplus of $343K, with revenue exceeding expenses. The organization holds $3K in liabilities against $1.0M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $999K | $1.0M | $3K | — | — |
| 2022 | $1.1M | $768K | $701K | $5K | — | View 990 |
| 2021 | $852K | $563K | $476K | $97K | — | View 990 |
| 2020 | $507K | $541K | $186K | $95K | — | View 990 |
| 2019 | $707K | $651K | $127K | $3K | — | View 990 |
| 2018 | $544K | $550K | $71K | $3K | — | View 990 |
| 2017 | $303K | $268K | $74K | $0 | — | View 990 |
| 2016 | $212K | $221K | $39K | $0 | — | View 990 |
| 2015 | $168K | $160K | $50K | $2K | — | View 990 |
| 2014 | $200K | $161K | $41K | $1K | — | View 990 |
| 2013 | $76K | $77K | $4K | $2K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $999K, and assets of $1.0M (revenue +23.7% year-over-year).
- 2022: Revenue of $1.1M, expenses of $768K, and assets of $701K (revenue +27.4% year-over-year).
- 2021: Revenue of $852K, expenses of $563K, and assets of $476K (revenue +67.9% year-over-year).
- 2020: Revenue of $507K, expenses of $541K, and assets of $186K (revenue -28.2% year-over-year).
- 2019: Revenue of $707K, expenses of $651K, and assets of $127K (revenue +29.8% year-over-year).
- 2018: Revenue of $544K, expenses of $550K, and assets of $71K (revenue +79.5% year-over-year).
- 2017: Revenue of $303K, expenses of $268K, and assets of $74K (revenue +43.4% year-over-year).
- 2016: Revenue of $212K, expenses of $221K, and assets of $39K (revenue +26.1% year-over-year).
- 2015: Revenue of $168K, expenses of $160K, and assets of $50K (revenue -16.0% year-over-year).
- 2014: Revenue of $200K, expenses of $161K, and assets of $41K (revenue +164.3% year-over-year).
- 2013: Revenue of $76K, expenses of $77K, and assets of $4K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridge Of Promise:
Data Sources and Methodology
This transparency report for Bridge Of Promise 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.