Bridgeport Hospital Foundation Inc
Bridgeport Hospital Foundation: Strong Financials, High Program Spending
EIN: 222908698 · Bridgeport, CT · NTEE: E110 · Updated: 2026-04-04
Is Bridgeport Hospital Foundation Inc Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridgeport Hospital Foundation Inc directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridgeport Hospital Foundation Inc
Bridgeport Hospital Foundation Inc (EIN: 222908698) is a nonprofit organization based in Bridgeport, CT, classified under NTEE code E110. The organization reported total revenue of $21.9M and total assets of $138.9M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridgeport Hospital Foundation Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridgeport Hospital Foundation Inc is a large nonprofit that has been operating for 38 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 1.8%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $12.6M |
| Total Expenses | $5.8M |
| Surplus / Deficit | +$6.7M |
| Total Assets | $122.2M |
| Total Liabilities | $1.5M |
| Net Assets | $120.7M |
| Operating Margin | 53.6% |
| Debt-to-Asset Ratio | 1.2% |
| Months of Reserves | 251.4 months |
Financial Health Grade: A
In 2023, Bridgeport Hospital Foundation Inc reported a surplus of $6.7M with revenue exceeding expenses, holds 251.4 months of operating reserves (strong position), has a debt-to-asset ratio of 1.2% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bridgeport Hospital Foundation Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.8%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -6.2% | -23.1% | +10.5% |
| 2022 | +19.9% | -1.0% | -12.3% |
| 2021 | +23.8% | -3.0% | +24.3% |
| 2020 | +8.3% | +25.2% | +6.0% |
| 2019 | -37.0% | +1.7% | +3.2% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1988 |
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 Bridgeport Hospital Foundation Inc with a Mission Score of 85 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: 80%
- fundraising: 10%
According to IRS 990 filings, Bridgeport Hospital Foundation Inc allocates its expenses as follows: admin: 10%, programs: 80%, fundraising: 10%. With 80% 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 $6.7M, with revenue exceeding expenses.
- Debt-to-asset ratio: 1.2%.
Executive Compensation Analysis
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries.
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.
Strengths
The following positive indicators were identified for Bridgeport Hospital Foundation Inc:
- Consistently high program spending, with 80% of expenses directed towards programs in the most recent filing.
- Significant asset growth from $81,074,474 in 2016 to $122,194,846 in 2023, demonstrating strong financial management.
- Healthy revenue streams, with total revenue reaching $12,562,632 in 2023.
Frequently Asked Questions about Bridgeport Hospital Foundation Inc
Is Bridgeport Hospital Foundation Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridgeport Hospital Foundation Inc (EIN: 222908698) appears legitimate. Mission Score: 85/100. 0 red flags identified, 3 strengths noted.
How does Bridgeport Hospital Foundation Inc spend its money?
Bridgeport Hospital Foundation Inc directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bridgeport Hospital Foundation Inc tax-deductible?
Bridgeport Hospital Foundation Inc is registered as a tax-exempt nonprofit (EIN: 222908698). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What does Bridgeport Hospital Foundation Inc do?
Bridgeport Hospital Foundation Inc is a nonprofit organization in the Health Care sector, located in Bridgeport, Connecticut. It is classified under NTEE code E110.
How much revenue does Bridgeport Hospital Foundation Inc have?
Bridgeport Hospital Foundation Inc reported total revenue of $21,887,701. Based on 13 IRS 990 filings on record.
What are Bridgeport Hospital Foundation Inc's total assets?
Bridgeport Hospital Foundation Inc holds total assets of $138,887,084 as reported in IRS 990 filings.
Where is Bridgeport Hospital Foundation Inc located?
Bridgeport Hospital Foundation Inc is based in Bridgeport, Connecticut.
What is Bridgeport Hospital Foundation Inc's EIN?
Bridgeport Hospital Foundation Inc's Employer Identification Number (EIN) is 222908698. This is the unique tax ID assigned by the IRS for tax-exempt organizations.
What type of nonprofit is Bridgeport Hospital Foundation Inc?
Bridgeport Hospital Foundation Inc is classified under NTEE code E110 (Health Care).
Is Bridgeport Hospital Foundation Inc a registered 501(c)(3)?
Yes, Bridgeport Hospital Foundation Inc is recognized as a tax-exempt organization by the IRS. EIN: 222908698.
Does Bridgeport Hospital Foundation Inc file IRS Form 990?
Yes, Bridgeport Hospital Foundation Inc has 13 IRS Form 990 filings on record. The most recent covers tax period 202309.
What was Bridgeport Hospital Foundation Inc's revenue in 2023?
In the 202309 filing period, Bridgeport Hospital Foundation Inc reported total revenue of $12,562,632, total expenses of $5,832,173, and net assets of $122,194,846.
Is Bridgeport Hospital Foundation Inc's revenue growing or declining?
Bridgeport Hospital Foundation Inc's revenue is declining. Revenue went from $13,394,339 (202209) to $12,562,632 (202309), a -6.2% change. Based on 13 filings on record.
What is Bridgeport Hospital Foundation Inc's most recent 990 filing?
The most recent IRS Form 990 filing for Bridgeport Hospital Foundation Inc covers tax period 202309. It shows revenue of $12,562,632, expenses of $5,832,173, total assets of $122,194,846, and liabilities of $1,483,185.
How much does Bridgeport Hospital Foundation Inc spend on programs vs administration?
Based on IRS 990 analysis, Bridgeport Hospital Foundation Inc allocates approximately 80% of expenses to program services, 10% to administrative costs, and 10% to fundraising. This indicates strong program focus.
Is Bridgeport Hospital Foundation Inc a trustworthy charity?
Based on AI analysis of IRS 990 data, Bridgeport Hospital Foundation Inc appears trustworthy. Mission Score: 85/100 (Excellent). No red flags identified. 3 strengths noted.
What are Bridgeport Hospital Foundation Inc's strengths?
Positive indicators for Bridgeport Hospital Foundation Inc include: Consistently high program spending, with 80% of expenses directed towards programs in the most recent filing.. Significant asset growth from $81,074,474 in 2016 to $122,194,846 in 2023, demonstrating strong financial management.. Healthy revenue streams, with total revenue reaching $12,562,632 in 2023.. These findings are derived from AI analysis of the organization's financial filings.
How does Bridgeport Hospital Foundation Inc compensate executives?
Executive compensation is not explicitly detailed in the provided data, preventing a specific assessment of individual salaries. Executive compensation data is sourced from IRS 990 filings, which require disclosure of officer, director, and key employee pay.
How does the foundation's consistent 0% compensation from professional fundraising organizations impact its overall fundraising efficiency and donor perception?
The consistent 0% compensation from professional fundraising organizations suggests that the foundation manages its fundraising internally. This can lead to higher net proceeds from donations and potentially foster greater donor trust, as donors may perceive that their contributions are going directly to the cause rather than to third-party fundraisers.
Filing History
IRS 990 filing history for Bridgeport Hospital Foundation Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bridgeport Hospital Foundation Inc's revenue has grown by 24.5%, moving from $10.1M to $12.6M. Total assets increased by 146.5% over the same period, from $49.6M to $122.2M. Total functional expenses rose by 29.1%, from $4.5M to $5.8M. In its most recent filing year (2023), Bridgeport Hospital Foundation Inc reported a surplus of $6.7M, with revenue exceeding expenses. The organization holds $1.5M in liabilities against $122.2M in assets (debt-to-asset ratio: 1.2%), resulting in net assets of $120.7M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $12.6M | $5.8M | $122.2M | $1.5M | — | View 990 |
| 2022 | $13.4M | $7.6M | $110.6M | $1.6M | — | View 990 |
| 2021 | $11.2M | $7.7M | $126.2M | $1.5M | — | View 990 |
| 2020 | $9.0M | $7.9M | $101.5M | $3.3M | — | View 990 |
| 2019 | $8.3M | $6.3M | $95.7M | $1.9M | — | View 990 |
| 2018 | $13.2M | $6.2M | $92.7M | $1.3M | — | View 990 |
| 2017 | $7.8M | $4.4M | $88.3M | $1.9M | — | View 990 |
| 2016 | $11.7M | $4.7M | $81.1M | $1.5M | — | View 990 |
| 2015 | $9.5M | $4.7M | $72.0M | $2.7M | — | View 990 |
| 2014 | $8.5M | $1.9M | $67.8M | $2.0M | — | View 990 |
| 2013 | $8.3M | $1.9M | $61.0M | $1.0M | — | View 990 |
| 2012 | $10.9M | $1.8M | $56.5M | $1.4M | — | View 990 |
| 2011 | $10.1M | $4.5M | $49.6M | $989K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $12.6M, expenses of $5.8M, and assets of $122.2M (revenue -6.2% year-over-year).
- 2022: Revenue of $13.4M, expenses of $7.6M, and assets of $110.6M (revenue +19.9% year-over-year).
- 2021: Revenue of $11.2M, expenses of $7.7M, and assets of $126.2M (revenue +23.8% year-over-year).
- 2020: Revenue of $9.0M, expenses of $7.9M, and assets of $101.5M (revenue +8.3% year-over-year).
- 2019: Revenue of $8.3M, expenses of $6.3M, and assets of $95.7M (revenue -37.0% year-over-year).
- 2018: Revenue of $13.2M, expenses of $6.2M, and assets of $92.7M (revenue +70.4% year-over-year).
- 2017: Revenue of $7.8M, expenses of $4.4M, and assets of $88.3M (revenue -33.6% year-over-year).
- 2016: Revenue of $11.7M, expenses of $4.7M, and assets of $81.1M (revenue +23.7% year-over-year).
- 2015: Revenue of $9.5M, expenses of $4.7M, and assets of $72.0M (revenue +11.5% year-over-year).
- 2014: Revenue of $8.5M, expenses of $1.9M, and assets of $67.8M (revenue +2.0% year-over-year).
- 2013: Revenue of $8.3M, expenses of $1.9M, and assets of $61.0M (revenue -23.5% year-over-year).
- 2012: Revenue of $10.9M, expenses of $1.8M, and assets of $56.5M (revenue +7.7% year-over-year).
- 2011: Revenue of $10.1M, expenses of $4.5M, and assets of $49.6M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridgeport Hospital Foundation Inc:
Data Sources and Methodology
This transparency report for Bridgeport Hospital Foundation 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.