Bridgewater Library Association
EIN: 66044812 · Bridgewater, CT
| Metric | Value |
|---|---|
| Total Revenue | $335K |
| Total Expenses | $221K |
| Net Assets | $829K |
Is Bridgewater Library Association Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Bridgewater Library Association
Bridgewater Library Association (EIN: 66044812) is a nonprofit organization based in Bridgewater, CT. The organization reported total revenue of $335K and total assets of $1000K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bridgewater Library Association's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Bridgewater Library Association is a small nonprofit that has been operating for 61 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 5.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $251K |
| Total Expenses | $221K |
| Surplus / Deficit | +$31K |
| Total Assets | $832K |
| Total Liabilities | $4K |
| Net Assets | $829K |
| Operating Margin | 12.2% |
| Debt-to-Asset Ratio | 0.4% |
| Months of Reserves | 45.2 months |
Financial Health Grade: A
In 2023, Bridgewater Library Association reported a surplus of $31K with revenue exceeding expenses, holds 45.2 months of operating reserves (strong position), has a debt-to-asset ratio of 0.4% (very low leverage).
Financial Trends
Over 13 years of filings (2011–2023), Bridgewater Library Association's revenue has grown at a compound annual growth rate (CAGR) of 5.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +35.2% | -2.4% | +11.7% |
| 2022 | -61.6% | +2.6% | -16.9% |
| 2021 | +112.1% | -30.0% | +50.7% |
| 2020 | -23.6% | +69.7% | -15.5% |
| 2019 | +42.4% | +12.1% | +19.9% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 1965 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Bridgewater Library Association has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bridgewater Library Association with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $31K, with revenue exceeding expenses.
- Debt-to-asset ratio: 0.4%.
Frequently Asked Questions about Bridgewater Library Association
Is Bridgewater Library Association a legitimate charity?
Based on AI analysis of IRS 990 filings, Bridgewater Library Association (EIN: 66044812) insufficient data. 0 red flags identified, 0 strengths noted.
How does Bridgewater Library Association spend its money?
Detailed spending breakdown data is not yet available for Bridgewater Library Association. Check back for updated IRS 990 analysis.
Are donations to Bridgewater Library Association tax-deductible?
Bridgewater Library Association is registered as a tax-exempt nonprofit (EIN: 66044812). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Bridgewater Library Association located?
Bridgewater Library Association is headquartered in Bridgewater, Connecticut and files with the IRS under EIN 66044812.
How many years of IRS 990 filings does Bridgewater Library Association have?
Bridgewater Library Association has 13 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 $335K in total revenue.
Filing History
IRS 990 filing history for Bridgewater Library Association showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bridgewater Library Association's revenue has grown by 82.5%, moving from $138K to $251K. Total assets increased by 75.7% over the same period, from $474K to $832K. Total functional expenses rose by 69.7%, from $130K to $221K. In its most recent filing year (2023), Bridgewater Library Association reported a surplus of $31K, with revenue exceeding expenses. The organization holds $4K in liabilities against $832K in assets (debt-to-asset ratio: 0.4%), resulting in net assets of $829K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $251K | $221K | $832K | $4K | — | View 990 |
| 2022 | $186K | $226K | $745K | $110 | — | View 990 |
| 2021 | $484K | $221K | $896K | $3K | — | View 990 |
| 2020 | $228K | $315K | $595K | $2K | — | View 990 |
| 2019 | $299K | $186K | $704K | $3K | — | View 990 |
| 2018 | $210K | $166K | $587K | $2K | — | View 990 |
| 2017 | $140K | $154K | $550K | $2K | — | View 990 |
| 2016 | $145K | $136K | $550K | $2K | — | View 990 |
| 2015 | $146K | $130K | $557K | $2K | — | View 990 |
| 2014 | $140K | $132K | $570K | $2K | — | View 990 |
| 2013 | $136K | $127K | $531K | $2K | — | View 990 |
| 2012 | $179K | $127K | $516K | $1K | — | View 990 |
| 2011 | $138K | $130K | $474K | $1K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $251K, expenses of $221K, and assets of $832K (revenue +35.2% year-over-year).
- 2022: Revenue of $186K, expenses of $226K, and assets of $745K (revenue -61.6% year-over-year).
- 2021: Revenue of $484K, expenses of $221K, and assets of $896K (revenue +112.1% year-over-year).
- 2020: Revenue of $228K, expenses of $315K, and assets of $595K (revenue -23.6% year-over-year).
- 2019: Revenue of $299K, expenses of $186K, and assets of $704K (revenue +42.4% year-over-year).
- 2018: Revenue of $210K, expenses of $166K, and assets of $587K (revenue +50.4% year-over-year).
- 2017: Revenue of $140K, expenses of $154K, and assets of $550K (revenue -3.4% year-over-year).
- 2016: Revenue of $145K, expenses of $136K, and assets of $550K (revenue -0.7% year-over-year).
- 2015: Revenue of $146K, expenses of $130K, and assets of $557K (revenue +4.2% year-over-year).
- 2014: Revenue of $140K, expenses of $132K, and assets of $570K (revenue +2.8% year-over-year).
- 2013: Revenue of $136K, expenses of $127K, and assets of $531K (revenue -24.0% year-over-year).
- 2012: Revenue of $179K, expenses of $127K, and assets of $516K (revenue +29.8% year-over-year).
- 2011: Revenue of $138K, expenses of $130K, and assets of $474K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Bridgewater Library Association:
Data Sources and Methodology
This transparency report for Bridgewater Library Association 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.