Healing Bridges
Healing Bridges experienced a significant deficit in its latest fiscal year, despite a history of mostly balanced operations.
EIN: 205565778 · New Shoreham, RI · NTEE: Q33 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $70K |
| Total Expenses | $94K |
| Program Spending | 80% |
| Net Assets | $74K |
| Transparency Score | 75/100 |
Is Healing Bridges Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Healing Bridges directs 80% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Healing Bridges
Healing Bridges (EIN: 205565778) is a nonprofit organization based in New Shoreham, RI, classified under NTEE code Q33. The organization reported total revenue of $70K and total assets of $57K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Healing Bridges's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Healing Bridges is a micro nonprofit that has been operating for 10 years, with 8 years of IRS 990 filings on record (2016–2023). Revenue has grown at a compound annual rate of 2.0%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $65K |
| Total Expenses | $94K |
| Surplus / Deficit | $-28,531 |
| Total Assets | $74K |
| Total Liabilities | $55 |
| Net Assets | $74K |
| Operating Margin | -43.7% |
| Debt-to-Asset Ratio | 0.1% |
| Months of Reserves | 9.5 months |
Financial Health Grade: B
In 2023, Healing Bridges reported a deficit of $29K with expenses exceeding revenue, holds 9.5 months of operating reserves (strong position), has a debt-to-asset ratio of 0.1% (very low leverage).
Financial Trends
Over 8 years of filings (2016–2023), Healing Bridges's revenue has grown at a compound annual growth rate (CAGR) of 2.0%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -38.2% | +4.3% | -27.8% |
| 2022 | -11.2% | -1.6% | +16.3% |
| 2021 | +8.4% | +27.8% | +33.7% |
| 2020 | +68.4% | +31.7% | +207.3% |
| 2019 | +3.2% | -9.0% | +64.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2016 |
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 Healing Bridges with a Mission Score of 75 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: 15%
- programs: 80%
- fundraising: 5%
According to IRS 990 filings, Healing Bridges 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 deficit of $29K, with expenses exceeding revenue.
- Debt-to-asset ratio: 0.1%.
Executive Compensation Analysis
Executive compensation has consistently been reported as 0% across all available filings, indicating that the organization's officers are not receiving salaries, which is highly commendable for an organization of its size.
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 Healing Bridges's IRS 990 filings:
- Significant deficit in the latest fiscal year (202312), with expenses ($93,777) exceeding revenue ($65,246).
- Fluctuating asset base, indicating potential instability in financial reserves.
Strengths
The following positive indicators were identified for Healing Bridges:
- Consistent reporting of 0% officer compensation across all filings, indicating volunteer leadership and efficient use of funds.
- Long history of IRS 990 filings (8 filings), demonstrating transparency.
- Generally positive revenue-to-expense ratio in most years prior to 202312.
Frequently Asked Questions about Healing Bridges
Is Healing Bridges a legitimate charity?
Based on AI analysis of IRS 990 filings, Healing Bridges (EIN: 205565778) some concerns. Mission Score: 75/100. 2 red flags identified, 3 strengths noted.
How does Healing Bridges spend its money?
Healing Bridges directs 80% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Healing Bridges tax-deductible?
Healing Bridges is registered as a tax-exempt nonprofit (EIN: 205565778). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
What percentage of Healing Bridges's spending goes to programs?
Healing Bridges directs 80% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Healing Bridges compare to similar nonprofits?
With a transparency score of 75/100 (Good), Healing Bridges is above average for NTEE category Q33 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Healing Bridges located?
Healing Bridges is headquartered in New Shoreham, Rhode Island and files with the IRS under EIN 205565778. It is classified under NTEE code Q33.
How many years of IRS 990 filings does Healing Bridges have?
Healing Bridges has 8 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 $70K in total revenue.
Why did Healing Bridges incur a significant deficit in the 202312 fiscal period?
In the 202312 period, Healing Bridges reported expenses of $93,777 against revenues of $65,246, resulting in a deficit of $28,531. This contrasts with previous years where revenues generally exceeded expenses.
How does Healing Bridges fund its operations without officer compensation?
The consistent reporting of 0% officer compensation suggests that the organization relies on volunteer leadership, directing all raised funds towards its programs and operational costs.
What is the trend in Healing Bridges' asset base?
Healing Bridges' assets have fluctuated, growing from $16,038 in 201612 to a peak of $102,514 in 202212, but then declining to $73,979 in 202312.
Filing History
IRS 990 filing history for Healing Bridges showing financial trends over 8 years of public records:
Over 8 years of IRS 990 filings (2016–2023), Healing Bridges's revenue has grown by 14.8%, moving from $57K to $65K. Total assets increased by 361.3% over the same period, from $16K to $74K. Total functional expenses rose by 145.4%, from $38K to $94K. In its most recent filing year (2023), Healing Bridges reported a deficit of $29K, with expenses exceeding revenue. The organization holds $55 in liabilities against $74K in assets (debt-to-asset ratio: 0.1%), resulting in net assets of $74K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $65K | $94K | $74K | $55 | — | View 990 |
| 2022 | $106K | $90K | $103K | $59 | — | View 990 |
| 2021 | $119K | $91K | $88K | $1K | — | View 990 |
| 2020 | $110K | $71K | $66K | $7K | — | — |
| 2019 | $65K | $54K | $21K | $402 | — | View 990 |
| 2018 | $63K | $60K | $13K | $3K | — | View 990 |
| 2017 | $74K | $77K | $11K | $5K | — | View 990 |
| 2016 | $57K | $38K | $16K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $65K, expenses of $94K, and assets of $74K (revenue -38.2% year-over-year).
- 2022: Revenue of $106K, expenses of $90K, and assets of $103K (revenue -11.2% year-over-year).
- 2021: Revenue of $119K, expenses of $91K, and assets of $88K (revenue +8.4% year-over-year).
- 2020: Revenue of $110K, expenses of $71K, and assets of $66K (revenue +68.4% year-over-year).
- 2019: Revenue of $65K, expenses of $54K, and assets of $21K (revenue +3.2% year-over-year).
- 2018: Revenue of $63K, expenses of $60K, and assets of $13K (revenue -14.2% year-over-year).
- 2017: Revenue of $74K, expenses of $77K, and assets of $11K (revenue +29.5% year-over-year).
- 2016: Revenue of $57K, expenses of $38K, and assets of $16K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Healing Bridges:
Data Sources and Methodology
This transparency report for Healing Bridges 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.