Bridges School Early Childhoodprogram Inc

Is Bridges School Early Childhoodprogram Inc Legit?

Some Concerns

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

Bridges School Early Childhoodprogram Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Bridges School Early Childhoodprogram Inc

Bridges School Early Childhoodprogram Inc (EIN: 204863924) is a nonprofit organization based in Cos Cob, CT, classified under NTEE code B21. The organization reported total revenue of $1.6M and total assets of $1.6M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridges School Early Childhoodprogram Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

AI Transparency Report

Mission Effectiveness Score

NonprofitSpending's AI analysis rates Bridges School Early Childhoodprogram 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: 7%
• programs: 90%
• fundraising: 3%

According to IRS 990 filings, Bridges School Early Childhoodprogram Inc allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.

Executive Compensation Analysis

The organization consistently reports 0% officer compensation across all available filings, indicating that no salaries are paid to its officers, which is highly unusual and suggests a volunteer-led executive structure or that compensation is reported under other categories, though the former is more likely given the consistent reporting.

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 School Early Childhoodprogram Inc's IRS 990 filings:

• Recent operational deficit in 202308 ($1,405,293 revenue vs. $1,571,021 expenses).

Strengths

The following positive indicators were identified for Bridges School Early Childhoodprogram Inc:

• Consistent reporting of 0% officer compensation across all filings.
• Steady growth in assets over the past decade, from $568,298 in 201508 to $1,371,088 in 202308.
• Generally stable revenue streams over the past decade, averaging around $1.4-$1.7 million annually.

Frequently Asked Questions about Bridges School Early Childhoodprogram Inc

Filing History

IRS 990 filing history for Bridges School Early Childhoodprogram Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Bridges School Early Childhoodprogram Inc's revenue has grown by 42%, moving from $990K to $1.4M. Total assets increased by 122.8% over the same period, from $615K to $1.4M. Total functional expenses rose by 43.5%, from $1.1M to $1.6M. In its most recent filing year (2023), Bridges School Early Childhoodprogram Inc reported a deficit of $166K, with expenses exceeding revenue. The organization holds $978K in liabilities against $1.4M in assets (debt-to-asset ratio: 71.3%), resulting in net assets of $393K.

Year-by-Year Financial Summary

• 2023: Revenue of $1.4M, expenses of $1.6M, and assets of $1.4M (revenue -20.7% year-over-year).
• 2022: Revenue of $1.8M, expenses of $1.5M, and assets of $1.4M (revenue +8.9% year-over-year).
• 2021: Revenue of $1.6M, expenses of $1.6M, and assets of $1.4M (revenue +11.3% year-over-year).
• 2020: Revenue of $1.5M, expenses of $1.4M, and assets of $1.1M (revenue +4.5% year-over-year).
• 2019: Revenue of $1.4M, expenses of $1.4M, and assets of $895K (revenue -9.1% year-over-year).
• 2018: Revenue of $1.5M, expenses of $1.4M, and assets of $787K (revenue +8.2% year-over-year).
• 2017: Revenue of $1.4M, expenses of $1.4M, and assets of $712K (revenue -5.5% year-over-year).
• 2016: Revenue of $1.5M, expenses of $1.5M, and assets of $692K (revenue +2.2% year-over-year).
• 2015: Revenue of $1.5M, expenses of $1.5M, and assets of $568K (revenue +3.8% year-over-year).
• 2014: Revenue of $1.4M, expenses of $1.3M, and assets of $601K (revenue +9.7% year-over-year).
• 2013: Revenue of $1.3M, expenses of $1.3M, and assets of $494K (revenue -1.4% year-over-year).
• 2012: Revenue of $1.3M, expenses of $1.3M, and assets of $579K (revenue +32.5% year-over-year).
• 2011: Revenue of $990K, expenses of $1.1M, and assets of $615K.

Data Sources and Methodology

This transparency report for Bridges School Early Childhoodprogram 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.