Bridges Foundation
Bridges Foundation shows revenue growth but persistent liabilities significantly outweigh assets.
EIN: 202796974 · Waterford, ME · NTEE: P82 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $938K |
| Total Expenses | $585K |
| Program Spending | 80% |
| Net Assets | $-130,552 |
| Transparency Score | 55/100 |
Is Bridges Foundation Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridges Foundation directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridges Foundation
Bridges Foundation (EIN: 202796974) is a nonprofit organization based in Waterford, ME, classified under NTEE code P82. The organization reported total revenue of $938K and total assets of $163K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridges Foundation's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridges Foundation is a small nonprofit that has been operating for 21 years, with 9 years of IRS 990 filings on record (2015–2023). Revenue has grown at a compound annual rate of 13.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $635K |
| Total Expenses | $585K |
| Surplus / Deficit | +$50K |
| Total Assets | $91K |
| Total Liabilities | $221K |
| Net Assets | $-130,552 |
| Operating Margin | 7.9% |
| Debt-to-Asset Ratio | 244.0% |
| Months of Reserves | 1.9 months |
Financial Health Grade: B
In 2023, Bridges Foundation reported a surplus of $50K with revenue exceeding expenses, holds 1.9 months of operating reserves (limited), has a debt-to-asset ratio of 244.0% (high leverage).
Financial Trends
Over 9 years of filings (2015–2023), Bridges Foundation's revenue has grown at a compound annual growth rate (CAGR) of 13.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +94.7% | +86.8% | +135.9% |
| 2022 | -22.9% | -22.9% | +32.2% |
| 2021 | -19.5% | -18.1% | +50.2% |
| 2020 | +64.0% | +35.1% | +86.6% |
| 2019 | +33.2% | +52.0% | -9.4% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
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 Bridges Foundation with a Mission Score of 55 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: 80%
- fundraising: 5%
According to IRS 990 filings, Bridges Foundation allocates its expenses as follows: admin: 15%, programs: 80%, fundraising: 5%. 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 $50K, with revenue exceeding expenses.
- Debt-to-asset ratio: 244.0%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly favorable for minimizing administrative costs.
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 Bridges Foundation's IRS 990 filings:
- Consistent and substantial liabilities exceeding assets across all filing periods, indicating potential solvency issues (e.g., 2023: Assets $90,639, Liabilities $221,191).
- Multiple years of deficit spending where expenses exceeded revenue (e.g., 2019, 2018, 2017, 2016).
- Lack of detailed functional expense breakdown (program, admin, fundraising) in the provided data, limiting full spending efficiency analysis.
Strengths
The following positive indicators were identified for Bridges Foundation:
- Significant revenue growth over the past nine years, from $239,280 in 2015 to $635,154 in 2023.
- 0% officer compensation reported across all filings, indicating efficient use of funds regarding executive pay.
- Positive net income in the most recent filing period (2023: Revenue $635,154, Expenses $584,782).
Frequently Asked Questions about Bridges Foundation
Is Bridges Foundation a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridges Foundation (EIN: 202796974) some concerns. Mission Score: 55/100. 3 red flags identified, 3 strengths noted.
How does Bridges Foundation spend its money?
Bridges Foundation directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bridges Foundation tax-deductible?
Bridges Foundation is registered as a tax-exempt nonprofit (EIN: 202796974). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bridges Foundation's spending goes to programs?
Bridges Foundation directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bridges Foundation compare to similar nonprofits?
With a transparency score of 55/100 (Fair), Bridges Foundation is near average for NTEE category P82 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bridges Foundation located?
Bridges Foundation is headquartered in Waterford, Maine and files with the IRS under EIN 202796974. It is classified under NTEE code P82.
How many years of IRS 990 filings does Bridges Foundation have?
Bridges Foundation has 9 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 $938K in total revenue.
Is Bridges Foundation financially stable?
No, Bridges Foundation's financial stability is questionable due to consistently high liabilities significantly exceeding assets. For example, in 2023, liabilities were $221,191 while assets were only $90,639.
How has Bridges Foundation's revenue changed over time?
Bridges Foundation has experienced significant revenue growth, increasing from $239,280 in 2015 to $635,154 in 2023, and reaching a latest reported revenue of $938,079.
What is the organization's approach to executive compensation?
The organization reports 0% officer compensation across all available filings, indicating a commitment to minimizing executive pay.
Does Bridges Foundation operate with a surplus or deficit?
Bridges Foundation has experienced periods of both surplus and deficit. In 2023, it operated with a surplus ($635,154 revenue vs. $584,782 expenses), but in prior years like 2019, 2018, 2017, and 2016, expenses exceeded revenue.
Filing History
IRS 990 filing history for Bridges Foundation showing financial trends over 9 years of public records:
Over 9 years of IRS 990 filings (2015–2023), Bridges Foundation's revenue has grown by 165.4%, moving from $239K to $635K. Total assets decreased by 5.4% over the same period, from $96K to $91K. Total functional expenses rose by 197.3%, from $197K to $585K. In its most recent filing year (2023), Bridges Foundation reported a surplus of $50K, with revenue exceeding expenses. The organization holds $221K in liabilities against $91K in assets (debt-to-asset ratio: 244.0%), resulting in net assets of $-130,552.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $635K | $585K | $91K | $221K | — | — |
| 2022 | $326K | $313K | $38K | $219K | — | View 990 |
| 2021 | $423K | $406K | $29K | $223K | — | View 990 |
| 2020 | $525K | $496K | $19K | $230K | — | View 990 |
| 2019 | $320K | $367K | $10K | $290K | — | View 990 |
| 2018 | $241K | $241K | $11K | $244K | — | View 990 |
| 2017 | $131K | $193K | $5K | $237K | — | View 990 |
| 2016 | $176K | $241K | $9K | $179K | — | View 990 |
| 2015 | $239K | $197K | $96K | $201K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $635K, expenses of $585K, and assets of $91K (revenue +94.7% year-over-year).
- 2022: Revenue of $326K, expenses of $313K, and assets of $38K (revenue -22.9% year-over-year).
- 2021: Revenue of $423K, expenses of $406K, and assets of $29K (revenue -19.5% year-over-year).
- 2020: Revenue of $525K, expenses of $496K, and assets of $19K (revenue +64.0% year-over-year).
- 2019: Revenue of $320K, expenses of $367K, and assets of $10K (revenue +33.2% year-over-year).
- 2018: Revenue of $241K, expenses of $241K, and assets of $11K (revenue +83.0% year-over-year).
- 2017: Revenue of $131K, expenses of $193K, and assets of $5K (revenue -25.4% year-over-year).
- 2016: Revenue of $176K, expenses of $241K, and assets of $9K (revenue -26.4% year-over-year).
- 2015: Revenue of $239K, expenses of $197K, and assets of $96K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridges Foundation:
Data Sources and Methodology
This transparency report for Bridges Foundation 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.