Greater Bridgeport Communityenterprises Inc Gbce
Greater Bridgeport Communityenterprises Inc faces growing deficits and increasing liabilities.
EIN: 205759623 · Bridgeport, CT · NTEE: C99 · Updated: 2026-03-28
Is Greater Bridgeport Communityenterprises Inc Gbce Legit?
Significant Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Greater Bridgeport Communityenterprises Inc Gbce directs 70% of its spending to programs. This meets the industry benchmark of 65% for efficient nonprofits.
About Greater Bridgeport Communityenterprises Inc Gbce
Greater Bridgeport Communityenterprises Inc Gbce (EIN: 205759623) is a nonprofit organization based in Bridgeport, CT, classified under NTEE code C99. The organization reported total revenue of $1.4M and total assets of $1.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Greater Bridgeport Communityenterprises Inc Gbce's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Greater Bridgeport Communityenterprises Inc Gbce is a mid-size nonprofit that has been operating for 17 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.5%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $1.3M |
| Total Expenses | $1.7M |
| Surplus / Deficit | $-358,908 |
| Total Assets | $1.5M |
| Total Liabilities | $2.2M |
| Net Assets | $-681,740 |
| Operating Margin | -27.0% |
| Debt-to-Asset Ratio | 145.3% |
| Months of Reserves | 10.7 months |
Financial Health Grade: C
In 2023, Greater Bridgeport Communityenterprises Inc Gbce reported a deficit of $359K with expenses exceeding revenue, holds 10.7 months of operating reserves (strong position), has a debt-to-asset ratio of 145.3% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Greater Bridgeport Communityenterprises Inc Gbce's revenue has grown at a compound annual growth rate (CAGR) of 6.5%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +10.5% | +24.4% | +9.3% |
| 2022 | +20.6% | +51.9% | +727.0% |
| 2021 | +23.3% | +12.8% | -19.8% |
| 2020 | +1.3% | +9.2% | +99.7% |
| 2019 | +7.3% | +5.0% | +63.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2009 |
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 Greater Bridgeport Communityenterprises Inc Gbce 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: 20%
- programs: 70%
- fundraising: 10%
According to IRS 990 filings, Greater Bridgeport Communityenterprises Inc Gbce allocates its expenses as follows: admin: 20%, programs: 70%, fundraising: 10%. Approximately 70% goes to programs, indicating moderate mission focus.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $359K, with expenses exceeding revenue.
- Debt-to-asset ratio: 145.3%.
Executive Compensation Analysis
Officer compensation is reported as 0% across all available filings, suggesting that top executives may not be compensated or their compensation is categorized differently, which could be a positive 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 Greater Bridgeport Communityenterprises Inc Gbce's IRS 990 filings:
- Consistent operating deficits in recent years (e.g., $358,908 deficit in 202306 and $153,934 in 202206).
- Liabilities significantly exceed assets ($2,188,193 liabilities vs. $1,506,453 assets in 202306).
- Negative net assets, indicating financial insolvency.
- Rapid increase in liabilities over the past few years.
Strengths
The following positive indicators were identified for Greater Bridgeport Communityenterprises Inc Gbce:
- Consistent filing of IRS Form 990s, indicating compliance with reporting requirements.
- No reported officer compensation, potentially indicating low executive overhead.
Frequently Asked Questions about Greater Bridgeport Communityenterprises Inc Gbce
Is Greater Bridgeport Communityenterprises Inc Gbce a legitimate charity?
Based on AI analysis of IRS 990 filings, Greater Bridgeport Communityenterprises Inc Gbce (EIN: 205759623) significant concerns. Mission Score: 45/100. 4 red flags identified, 2 strengths noted.
How does Greater Bridgeport Communityenterprises Inc Gbce spend its money?
Greater Bridgeport Communityenterprises Inc Gbce directs 70% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Greater Bridgeport Communityenterprises Inc Gbce tax-deductible?
Greater Bridgeport Communityenterprises Inc Gbce is registered as a tax-exempt nonprofit (EIN: 205759623). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Greater Bridgeport Communityenterprises Inc a good charity?
Based on the financial data, GBCE is facing significant financial challenges, with expenses consistently exceeding revenue and liabilities growing substantially. While the mission focus is not detailed, the financial instability raises concerns about its long-term effectiveness and sustainability.
What is the reason for the consistent operating deficits?
The provided data does not specify the reasons for the consistent operating deficits, but it's a clear trend from 202206 and 202306 filings where expenses ($1,358,478 and $1,689,732 respectively) have been higher than revenues ($1,204,544 and $1,330,824 respectively).
How does the organization plan to address its growing liabilities?
The filings show liabilities increasing to $2,188,193 in 202306, significantly higher than assets of $1,506,453. The data does not provide information on the organization's strategy to manage or reduce these liabilities.
What is the breakdown of program, administrative, and fundraising expenses?
The provided IRS 990 summary data does not include a detailed functional expense breakdown, making it difficult to precisely determine the percentages allocated to programs, administration, and fundraising.
Filing History
IRS 990 filing history for Greater Bridgeport Communityenterprises Inc Gbce showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Greater Bridgeport Communityenterprises Inc Gbce's revenue has grown by 112.5%, moving from $626K to $1.3M. Total assets increased by 3509.6% over the same period, from $42K to $1.5M. Total functional expenses rose by 137.2%, from $712K to $1.7M. In its most recent filing year (2023), Greater Bridgeport Communityenterprises Inc Gbce reported a deficit of $359K, with expenses exceeding revenue. The organization holds $2.2M in liabilities against $1.5M in assets (debt-to-asset ratio: 145.3%), resulting in net assets of $-681,740.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $1.3M | $1.7M | $1.5M | $2.2M | — | — |
| 2022 | $1.2M | $1.4M | $1.4M | $1.7M | — | View 990 |
| 2021 | $999K | $894K | $167K | $528K | — | View 990 |
| 2020 | $810K | $793K | $208K | $676K | — | View 990 |
| 2019 | $800K | $726K | $104K | $574K | — | View 990 |
| 2018 | $745K | $691K | $64K | $607K | — | View 990 |
| 2017 | $634K | $693K | $34K | $809K | — | View 990 |
| 2016 | $461K | $408K | $29K | $745K | — | View 990 |
| 2015 | $335K | $292K | $369K | $662K | — | View 990 |
| 2014 | $324K | $351K | $221K | $531K | — | View 990 |
| 2013 | $569K | $603K | $263K | $457K | — | View 990 |
| 2012 | $532K | $530K | $113K | $354K | — | View 990 |
| 2011 | $626K | $712K | $42K | $284K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $1.3M, expenses of $1.7M, and assets of $1.5M (revenue +10.5% year-over-year).
- 2022: Revenue of $1.2M, expenses of $1.4M, and assets of $1.4M (revenue +20.6% year-over-year).
- 2021: Revenue of $999K, expenses of $894K, and assets of $167K (revenue +23.3% year-over-year).
- 2020: Revenue of $810K, expenses of $793K, and assets of $208K (revenue +1.3% year-over-year).
- 2019: Revenue of $800K, expenses of $726K, and assets of $104K (revenue +7.3% year-over-year).
- 2018: Revenue of $745K, expenses of $691K, and assets of $64K (revenue +17.6% year-over-year).
- 2017: Revenue of $634K, expenses of $693K, and assets of $34K (revenue +37.5% year-over-year).
- 2016: Revenue of $461K, expenses of $408K, and assets of $29K (revenue +37.7% year-over-year).
- 2015: Revenue of $335K, expenses of $292K, and assets of $369K (revenue +3.4% year-over-year).
- 2014: Revenue of $324K, expenses of $351K, and assets of $221K (revenue -43.1% year-over-year).
- 2013: Revenue of $569K, expenses of $603K, and assets of $263K (revenue +6.9% year-over-year).
- 2012: Revenue of $532K, expenses of $530K, and assets of $113K (revenue -15.0% year-over-year).
- 2011: Revenue of $626K, expenses of $712K, and assets of $42K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Greater Bridgeport Communityenterprises Inc Gbce:
Data Sources and Methodology
This transparency report for Greater Bridgeport Communityenterprises Inc Gbce 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.