Bridgeport Rotary Club Foundationinc
Bridgeport Rotary Club Foundation faces severe financial decline with expenses consistently exceeding dwindling revenue.
EIN: 205655260 · Shelton, CT · NTEE: T31 · Updated: 2026-03-28
Is Bridgeport Rotary Club Foundationinc Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridgeport Rotary Club Foundationinc directs 75% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridgeport Rotary Club Foundationinc
Bridgeport Rotary Club Foundationinc (EIN: 205655260) is a nonprofit organization based in Shelton, CT, classified under NTEE code T31. The organization reported total revenue of $35K and total assets of $3.7M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridgeport Rotary Club Foundationinc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridgeport Rotary Club Foundationinc is a micro nonprofit that has been operating for 19 years, with 9 years of IRS 990 filings on record (2012–2021). Revenue has grown at a compound annual rate of -3.6%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $54K |
| Total Expenses | $525K |
| Surplus / Deficit | $-470,513 |
| Total Assets | $4.6M |
| Total Liabilities | $15K |
| Net Assets | $4.6M |
| Operating Margin | -871.3% |
| Debt-to-Asset Ratio | 0.3% |
| Months of Reserves | 105.1 months |
Financial Health Grade: B
In 2021, Bridgeport Rotary Club Foundationinc reported a deficit of $471K with expenses exceeding revenue, holds 105.1 months of operating reserves (strong position), has a debt-to-asset ratio of 0.3% (very low leverage).
Financial Trends
Over 9 years of filings (2012–2021), Bridgeport Rotary Club Foundationinc's revenue has declined at a compound annual growth rate (CAGR) of -3.6%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | -77.5% | +6.5% | -12.8% |
| 2020 | +30.2% | +0.2% | -3.8% |
| 2019 | -22.2% | -4.4% | -3.5% |
| 2018 | -14.3% | +53.7% | +1.0% |
| 2017 | +184.8% | -1.5% | +8.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2007 |
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 Rotary Club Foundationinc with a Mission Score of 45 out of 100 (Fair). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 15%
- programs: 75%
- fundraising: 10%
According to IRS 990 filings, Bridgeport Rotary Club Foundationinc allocates its expenses as follows: admin: 15%, programs: 75%, fundraising: 10%. With 75% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $471K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.3%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that the organization's officers are serving in a volunteer capacity, which is commendable for minimizing overhead.
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 Bridgeport Rotary Club Foundationinc's IRS 990 filings:
- Consistent and significant net losses, with expenses far exceeding revenue for multiple years (e.g., 2021 expenses $524,514 vs. revenue $54,001).
- Sharp decline in annual revenue from $276,926 in 2017 to $35,123 currently.
- Substantial decrease in total assets from $5,675,204 in 2018 to $3,662,642 currently, indicating depletion of reserves.
- Unsustainable financial trend where the organization is spending down its endowment or accumulated funds without sufficient new income.
Strengths
The following positive indicators were identified for Bridgeport Rotary Club Foundationinc:
- Consistent filing of IRS 990 forms, indicating adherence to reporting requirements.
- No reported officer compensation, suggesting a volunteer-led executive team and efficient use of funds at the leadership level.
- Maintains substantial assets ($3,662,642) despite financial challenges, providing a buffer for a period.
Frequently Asked Questions about Bridgeport Rotary Club Foundationinc
Is Bridgeport Rotary Club Foundationinc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridgeport Rotary Club Foundationinc (EIN: 205655260) significant concerns. Mission Score: 45/100. 4 red flags identified, 3 strengths noted.
How does Bridgeport Rotary Club Foundationinc spend its money?
Bridgeport Rotary Club Foundationinc directs 75% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bridgeport Rotary Club Foundationinc tax-deductible?
Bridgeport Rotary Club Foundationinc is registered as a tax-exempt nonprofit (EIN: 205655260). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bridgeport Rotary Club Foundation Inc. financially sustainable?
Based on the consistent trend of expenses significantly exceeding revenue (e.g., $524,514 expenses vs. $54,001 revenue in 2021), the organization's current financial model appears unsustainable without a significant increase in funding or reduction in expenditures.
Why have the organization's assets decreased significantly?
Assets have decreased from a high of $5,675,204 in 2018 to $3,662,642 currently, likely due to the organization drawing down its reserves to cover persistent operational deficits where expenses have far outstripped revenue for several years.
What is the primary cause of the revenue decline?
The provided data does not specify the exact causes of the revenue decline from $276,926 in 2017 to $35,123 currently, but it is a critical area for investigation as it directly impacts the organization's ability to fund its operations.
Filing History
IRS 990 filing history for Bridgeport Rotary Club Foundationinc showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2012–2021), Bridgeport Rotary Club Foundationinc's revenue has declined by 28.1%, moving from $75K to $54K. Total assets increased by 7819.9% over the same period, from $58K to $4.6M. Total functional expenses rose by 1125.9%, from $43K to $525K. In its most recent filing year (2021), Bridgeport Rotary Club Foundationinc reported a deficit of $471K, with expenses exceeding revenue. The organization holds $15K in liabilities against $4.6M in assets (debt-to-asset ratio: 0.3%), resulting in net assets of $4.6M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $54K | $525K | $4.6M | $15K | — | View 990 |
| 2020 | $240K | $493K | $5.3M | $6K | — | View 990 |
| 2019 | $184K | $492K | $5.5M | $0 | — | View 990 |
| 2018 | $237K | $514K | $5.7M | $0 | — | View 990 |
| 2017 | $277K | $335K | $5.6M | $0 | — | View 990 |
| 2016 | $97K | $340K | $5.2M | $0 | — | View 990 |
| 2014 | $55K | $63K | $61K | $0 | — | — |
| 2013 | $65K | $61K | $62K | $0 | — | — |
| 2012 | $75K | $43K | $58K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2021: Revenue of $54K, expenses of $525K, and assets of $4.6M (revenue -77.5% year-over-year).
- 2020: Revenue of $240K, expenses of $493K, and assets of $5.3M (revenue +30.2% year-over-year).
- 2019: Revenue of $184K, expenses of $492K, and assets of $5.5M (revenue -22.2% year-over-year).
- 2018: Revenue of $237K, expenses of $514K, and assets of $5.7M (revenue -14.3% year-over-year).
- 2017: Revenue of $277K, expenses of $335K, and assets of $5.6M (revenue +184.8% year-over-year).
- 2016: Revenue of $97K, expenses of $340K, and assets of $5.2M (revenue +77.6% year-over-year).
- 2014: Revenue of $55K, expenses of $63K, and assets of $61K (revenue -15.7% year-over-year).
- 2013: Revenue of $65K, expenses of $61K, and assets of $62K (revenue -13.6% year-over-year).
- 2012: Revenue of $75K, expenses of $43K, and assets of $58K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridgeport Rotary Club Foundationinc:
Data Sources and Methodology
This transparency report for Bridgeport Rotary Club Foundationinc 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.