Bridge Street House Of Prayer
EIN: 262868231 · Grand Rapids, MI · NTEE: X20
| Metric | Value |
|---|---|
| Total Revenue | $1.1M |
| Total Expenses | $681K |
| Net Assets | $1.3M |
Is Bridge Street House Of Prayer Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bridge Street House Of Prayer
Bridge Street House Of Prayer (EIN: 262868231) is a nonprofit organization based in Grand Rapids, MI, classified under NTEE code X20. The organization reported total revenue of $1.1M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridge Street House Of Prayer's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridge Street House Of Prayer is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 14.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $617K |
| Total Expenses | $681K |
| Surplus / Deficit | $-64,313 |
| Total Assets | $1.4M |
| Total Liabilities | $24K |
| Net Assets | $1.3M |
| Operating Margin | -10.4% |
| Debt-to-Asset Ratio | 1.8% |
| Months of Reserves | 24.0 months |
Financial Health Grade: B
In 2023, Bridge Street House Of Prayer reported a deficit of $64K with expenses exceeding revenue, holds 24.0 months of operating reserves (strong position), has a debt-to-asset ratio of 1.8% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bridge Street House Of Prayer's revenue has grown at a compound annual growth rate (CAGR) of 14.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +3.5% | +25.7% | -5.2% |
| 2022 | -11.6% | -7.8% | +4.3% |
| 2021 | -36.8% | +4.4% | +1.4% |
| 2020 | +40.3% | +12.9% | +74.8% |
| 2019 | +35.7% | -1.5% | +49.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bridge Street House Of Prayer 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 Street House Of Prayer 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 deficit of $64K, with expenses exceeding revenue.
- Debt-to-asset ratio: 1.8%.
Frequently Asked Questions about Bridge Street House Of Prayer
Is Bridge Street House Of Prayer a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridge Street House Of Prayer (EIN: 262868231) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bridge Street House Of Prayer spend its money?
Detailed spending breakdown data is not yet available for Bridge Street House Of Prayer. Check back for updated IRS 990 analysis.
Are donations to Bridge Street House Of Prayer tax-deductible?
Bridge Street House Of Prayer is registered as a tax-exempt nonprofit (EIN: 262868231). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bridge Street House Of Prayer located?
Bridge Street House Of Prayer is headquartered in Grand Rapids, Michigan and files with the IRS under EIN 262868231. It is classified under NTEE code X20.
How many years of IRS 990 filings does Bridge Street House Of Prayer have?
Bridge Street House Of Prayer 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 $1.1M in total revenue.
Filing History
IRS 990 filing history for Bridge Street House Of Prayer showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bridge Street House Of Prayer's revenue has grown by 390.2%, moving from $126K to $617K. Total assets increased by 3168.7% over the same period, from $42K to $1.4M. Total functional expenses rose by 666.6%, from $89K to $681K. In its most recent filing year (2023), Bridge Street House Of Prayer reported a deficit of $64K, with expenses exceeding revenue. The organization holds $24K in liabilities against $1.4M in assets (debt-to-asset ratio: 1.8%), resulting in net assets of $1.3M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $617K | $681K | $1.4M | $24K | — | — |
| 2022 | $596K | $542K | $1.4M | $35K | — | View 990 |
| 2021 | $674K | $588K | $1.4M | $28K | — | — |
| 2020 | $1.1M | $563K | $1.4M | $107K | — | — |
| 2019 | $761K | $498K | $778K | $30K | — | View 990 |
| 2018 | $561K | $506K | $521K | $35K | — | View 990 |
| 2017 | $514K | $444K | $444K | $13K | — | View 990 |
| 2016 | $427K | $387K | $414K | $53K | — | View 990 |
| 2015 | $187K | $223K | $362K | $39K | — | View 990 |
| 2014 | $370K | $280K | $362K | $2K | — | View 990 |
| 2013 | $426K | $223K | $272K | $4K | — | View 990 |
| 2012 | $159K | $131K | $69K | $2K | — | View 990 |
| 2011 | $126K | $89K | $42K | $3K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $617K, expenses of $681K, and assets of $1.4M (revenue +3.5% year-over-year).
- 2022: Revenue of $596K, expenses of $542K, and assets of $1.4M (revenue -11.6% year-over-year).
- 2021: Revenue of $674K, expenses of $588K, and assets of $1.4M (revenue -36.8% year-over-year).
- 2020: Revenue of $1.1M, expenses of $563K, and assets of $1.4M (revenue +40.3% year-over-year).
- 2019: Revenue of $761K, expenses of $498K, and assets of $778K (revenue +35.7% year-over-year).
- 2018: Revenue of $561K, expenses of $506K, and assets of $521K (revenue +9.2% year-over-year).
- 2017: Revenue of $514K, expenses of $444K, and assets of $444K (revenue +20.3% year-over-year).
- 2016: Revenue of $427K, expenses of $387K, and assets of $414K (revenue +128.3% year-over-year).
- 2015: Revenue of $187K, expenses of $223K, and assets of $362K (revenue -49.5% year-over-year).
- 2014: Revenue of $370K, expenses of $280K, and assets of $362K (revenue -13.0% year-over-year).
- 2013: Revenue of $426K, expenses of $223K, and assets of $272K (revenue +168.4% year-over-year).
- 2012: Revenue of $159K, expenses of $131K, and assets of $69K (revenue +26.0% year-over-year).
- 2011: Revenue of $126K, expenses of $89K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridge Street House Of Prayer:
Data Sources and Methodology
This transparency report for Bridge Street House Of Prayer 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.