Bridges Of Hope Inc
Bridges Of Hope Inc shows highly volatile revenue and minimal assets, but maintains zero liabilities and no officer compensation.
EIN: 208807679 · East Haven, CT · NTEE: Q31 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $112K |
| Total Expenses | $105K |
| Program Spending | 85% |
| Net Assets | $4K |
| Transparency Score | 70/100 |
Is Bridges Of Hope Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bridges Of Hope Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bridges Of Hope Inc
Bridges Of Hope Inc (EIN: 208807679) is a nonprofit organization based in East Haven, CT, classified under NTEE code Q31. The organization reported total revenue of $112K and total assets of $3K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridges Of Hope Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridges Of Hope Inc is a small nonprofit that has been operating for 18 years, with 10 years of IRS 990 filings on record (2013–2023). Revenue has grown at a compound annual rate of -9.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $105K |
| Total Expenses | $105K |
| Surplus / Deficit | $-93 |
| Total Assets | $4K |
| Net Assets | $4K |
| Operating Margin | -0.1% |
| Months of Reserves | 0.4 months |
Financial Health Grade: C
In 2023, Bridges Of Hope Inc reported a deficit of $93 with expenses exceeding revenue, holds 0.4 months of operating reserves (limited).
Financial Trends
Over 10 years of filings (2013–2023), Bridges Of Hope Inc's revenue has declined at a compound annual growth rate (CAGR) of -9.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -61.5% | -61.6% | -2.6% |
| 2022 | +538.0% | +527.3% | -18.9% |
| 2021 | -46.9% | -75.1% | -16.1% |
| 2020 | -86.7% | -65.8% | -94.6% |
| 2019 | +1.5% | -14.3% | +1807.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2008 |
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 Of Hope Inc with a Mission Score of 70 out of 100 (Good). 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, Bridges Of Hope Inc 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 deficit of $93, with expenses exceeding revenue.
Executive Compensation Analysis
Bridges Of Hope Inc consistently reports 0% officer compensation across all available filings, indicating a volunteer-led structure or that all compensation falls below reporting thresholds, which is positive for directing funds to programs.
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 Of Hope Inc's IRS 990 filings:
- Extreme revenue volatility year-over-year (e.g., $603,790 in 2019 to $80,200 in 2020)
- Consistently very low asset base (e.g., $2,523 current, $3,551 in 2023) indicating limited reserves
- Occasional operating deficits (e.g., $104,560 revenue vs. $104,653 expenses in 2023)
Strengths
The following positive indicators were identified for Bridges Of Hope Inc:
- Consistent reporting of 0% officer compensation, indicating efficient use of funds for mission
- Zero reported liabilities across all filings, demonstrating sound debt management
- Strong program focus implied by low administrative overhead (estimated)
Frequently Asked Questions about Bridges Of Hope Inc
Is Bridges Of Hope Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridges Of Hope Inc (EIN: 208807679) some concerns. Mission Score: 70/100. 3 red flags identified, 3 strengths noted.
How does Bridges Of Hope Inc spend its money?
Bridges Of Hope Inc directs 85% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bridges Of Hope Inc tax-deductible?
Bridges Of Hope Inc is registered as a tax-exempt nonprofit (EIN: 208807679). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Bridges Of Hope Inc's spending goes to programs?
Bridges Of Hope Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Bridges Of Hope Inc compare to similar nonprofits?
With a transparency score of 70/100 (Good), Bridges Of Hope Inc is above average for NTEE category Q31 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Bridges Of Hope Inc located?
Bridges Of Hope Inc is headquartered in East Haven, Connecticut and files with the IRS under EIN 208807679. It is classified under NTEE code Q31.
How many years of IRS 990 filings does Bridges Of Hope Inc have?
Bridges Of Hope Inc has 10 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 $112K in total revenue.
Is Bridges Of Hope Inc financially stable?
The organization's financial stability is questionable due to extreme revenue volatility, ranging from $42,594 to $603,790 in recent years, and consistently low asset levels (e.g., $3,551 in 2023).
How does Bridges Of Hope Inc manage its expenses?
Expenses generally track closely with revenue, often resulting in small deficits or surpluses. For example, in 2023, expenses were $104,653 against $104,560 in revenue, indicating tight operational management.
What is the organization's approach to executive compensation?
Bridges Of Hope Inc reports 0% officer compensation in all available filings, suggesting a strong commitment to volunteer leadership or very modest, unreported stipends, which is a positive for donor confidence.
Why are the assets so low?
The organization's assets are consistently very low (e.g., $2,523 currently, $3,551 in 2023), with one exception in 2019 ($99,539). This suggests a 'pass-through' model where funds are spent quickly, or a lack of capital investment and reserves.
Filing History
IRS 990 filing history for Bridges Of Hope Inc showing financial trends over 10 years of public records:
Over 10 years of IRS 990 filings (2013–2023), Bridges Of Hope Inc's revenue has declined by 61.5%, moving from $272K to $105K. Total assets increased by 79.2% over the same period, from $2K to $4K. Total functional expenses fell by 62.5%, from $279K to $105K. In its most recent filing year (2023), Bridges Of Hope Inc reported a deficit of $93, with expenses exceeding revenue.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $105K | $105K | $4K | $0 | — | — |
| 2022 | $272K | $273K | $4K | $0 | — | View 990 |
| 2021 | $43K | $43K | $4K | $0 | — | View 990 |
| 2020 | $80K | $174K | $5K | $0 | — | View 990 |
| 2019 | $604K | $509K | $100K | $0 | — | View 990 |
| 2018 | $595K | $595K | $5K | $0 | — | View 990 |
| 2016 | $141K | $139K | $3K | $0 | — | View 990 |
| 2015 | $130K | $132K | $2K | $0 | — | View 990 |
| 2014 | $635K | $634K | $3K | $0 | — | View 990 |
| 2013 | $272K | $279K | $2K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $105K, expenses of $105K, and assets of $4K (revenue -61.5% year-over-year).
- 2022: Revenue of $272K, expenses of $273K, and assets of $4K (revenue +538.0% year-over-year).
- 2021: Revenue of $43K, expenses of $43K, and assets of $4K (revenue -46.9% year-over-year).
- 2020: Revenue of $80K, expenses of $174K, and assets of $5K (revenue -86.7% year-over-year).
- 2019: Revenue of $604K, expenses of $509K, and assets of $100K (revenue +1.5% year-over-year).
- 2018: Revenue of $595K, expenses of $595K, and assets of $5K (revenue +321.6% year-over-year).
- 2016: Revenue of $141K, expenses of $139K, and assets of $3K (revenue +8.4% year-over-year).
- 2015: Revenue of $130K, expenses of $132K, and assets of $2K (revenue -79.5% year-over-year).
- 2014: Revenue of $635K, expenses of $634K, and assets of $3K (revenue +133.6% year-over-year).
- 2013: Revenue of $272K, expenses of $279K, and assets of $2K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridges Of Hope Inc:
Data Sources and Methodology
This transparency report for Bridges Of Hope 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.