New Bridges For Haitian Success Inc
EIN: 462853080 · Providence, RI · NTEE: W70
| Metric | Value |
|---|---|
| Total Revenue | $470K |
| Total Expenses | $412K |
| Net Assets | $137K |
Is New Bridges For Haitian Success Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About New Bridges For Haitian Success Inc
New Bridges For Haitian Success Inc (EIN: 462853080) is a nonprofit organization based in Providence, RI, classified under NTEE code W70. The organization reported total revenue of $470K and total assets of $152K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of New Bridges For Haitian Success Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
New Bridges For Haitian Success Inc is a small nonprofit that has been operating for 13 years, with 4 years of IRS 990 filings on record (2019–2022). Revenue has grown at a compound annual rate of 105.3%.
Key Financial Metrics (2022)
From the most recent IRS 990 filing on record:
| Total Revenue | $470K |
| Total Expenses | $412K |
| Surplus / Deficit | +$58K |
| Total Assets | $152K |
| Total Liabilities | $15K |
| Net Assets | $137K |
| Operating Margin | 12.4% |
| Debt-to-Asset Ratio | 9.8% |
| Months of Reserves | 4.4 months |
Financial Health Grade: A
In 2022, New Bridges For Haitian Success Inc reported a surplus of $58K with revenue exceeding expenses, holds 4.4 months of operating reserves (adequate), has a debt-to-asset ratio of 9.8% (very low leverage).
Financial Trends
Over 4 years of filings (2019–2022), New Bridges For Haitian Success Inc's revenue has grown at a compound annual growth rate (CAGR) of 105.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2022 | +107.0% | +145.4% | +78.5% |
| 2021 | +15.0% | +16.9% | +26.2% |
| 2020 | +263.6% | +196.8% | +981.1% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2013 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for New Bridges For Haitian Success Inc 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 New Bridges For Haitian Success Inc 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 (2022)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $58K, with revenue exceeding expenses.
- Debt-to-asset ratio: 9.8%.
Frequently Asked Questions about New Bridges For Haitian Success Inc
Is New Bridges For Haitian Success Inc a legitimate charity?
New Bridges For Haitian Success Inc (EIN: 462853080) is a registered tax-exempt nonprofit based in Rhode Island. It has 4 years of IRS 990 filings on record. Total revenue: $470K. No red flags identified. Financial health grade: A.
How does New Bridges For Haitian Success Inc spend its money?
New Bridges For Haitian Success Inc reported $470K in total revenue in IRS 990 filings. 4 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to New Bridges For Haitian Success Inc tax-deductible?
New Bridges For Haitian Success Inc is registered as a tax-exempt nonprofit (EIN: 462853080). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is New Bridges For Haitian Success Inc located?
New Bridges For Haitian Success Inc is headquartered in Providence, Rhode Island and files with the IRS under EIN 462853080. It is classified under NTEE code W70.
How many years of IRS 990 filings does New Bridges For Haitian Success Inc have?
New Bridges For Haitian Success Inc has 4 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $470K in total revenue.
Filing History
IRS 990 filing history for New Bridges For Haitian Success Inc showing financial trends over 4 years of public records:
Over 4 years of IRS 990 filings (2019–2022), New Bridges For Haitian Success Inc's revenue has grown by 765.6%, moving from $54K to $470K. Total assets increased by 2336.3% over the same period, from $6K to $152K. Total functional expenses rose by 751.4%, from $48K to $412K. In its most recent filing year (2022), New Bridges For Haitian Success Inc reported a surplus of $58K, with revenue exceeding expenses. The organization holds $15K in liabilities against $152K in assets (debt-to-asset ratio: 9.8%), resulting in net assets of $137K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2022 | $470K | $412K | $152K | $15K | — | View 990 |
| 2021 | $227K | $168K | $85K | $6K | — | — |
| 2020 | $197K | $144K | $68K | $8K | — | View 990 |
| 2019 | $54K | $48K | $6K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2022: Revenue of $470K, expenses of $412K, and assets of $152K (revenue +107.0% year-over-year).
- 2021: Revenue of $227K, expenses of $168K, and assets of $85K (revenue +15.0% year-over-year).
- 2020: Revenue of $197K, expenses of $144K, and assets of $68K (revenue +263.6% year-over-year).
- 2019: Revenue of $54K, expenses of $48K, and assets of $6K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for New Bridges For Haitian Success Inc:
Data Sources and Methodology
This transparency report for New Bridges For Haitian Success 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.