Newbridge On The Charles Inc
EIN: 383707573 · Boston, MA · NTEE: P75
| Metric | Value |
|---|---|
| Total Revenue | $61.4M |
| Total Expenses | $65.8M |
| Net Assets | $-219,656,392 |
Is Newbridge On The Charles Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Newbridge On The Charles Inc
Newbridge On The Charles Inc (EIN: 383707573) is a nonprofit organization based in Boston, MA, classified under NTEE code P75. The organization reported total revenue of $61.4M and total assets of $257.2M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Newbridge On The Charles Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Newbridge On The Charles Inc is a major nonprofit that has been operating for 21 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 2.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $51.4M |
| Total Expenses | $65.8M |
| Surplus / Deficit | $-14,395,812 |
| Total Assets | $267.4M |
| Total Liabilities | $487.0M |
| Net Assets | $-219,656,392 |
| Operating Margin | -28.0% |
| Debt-to-Asset Ratio | 182.2% |
| Months of Reserves | 48.7 months |
Financial Health Grade: C
In 2023, Newbridge On The Charles Inc reported a deficit of $14.4M with expenses exceeding revenue, holds 48.7 months of operating reserves (strong position), has a debt-to-asset ratio of 182.2% (high leverage).
Financial Trends
Over 13 years of filings (2011–2023), Newbridge On The Charles Inc's revenue has grown at a compound annual growth rate (CAGR) of 2.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -7.7% | -4.9% | -2.1% |
| 2022 | +2.3% | +5.1% | -9.7% |
| 2021 | +3.5% | +1.8% | -1.2% |
| 2020 | -0.6% | +3.6% | -3.3% |
| 2019 | +1.0% | +0.3% | -3.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2005 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Newbridge On The Charles 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 Newbridge On The Charles 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $14.4M, with expenses exceeding revenue.
- Debt-to-asset ratio: 182.2%.
Frequently Asked Questions about Newbridge On The Charles Inc
Is Newbridge On The Charles Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Newbridge On The Charles Inc (EIN: 383707573) insufficient data. 0 red flags identified, 0 strengths noted.
How does Newbridge On The Charles Inc spend its money?
Detailed spending breakdown data is not yet available for Newbridge On The Charles Inc. Check back for updated IRS 990 analysis.
Are donations to Newbridge On The Charles Inc tax-deductible?
Newbridge On The Charles Inc is registered as a tax-exempt nonprofit (EIN: 383707573). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Newbridge On The Charles Inc located?
Newbridge On The Charles Inc is headquartered in Boston, Massachusetts and files with the IRS under EIN 383707573. It is classified under NTEE code P75.
How many years of IRS 990 filings does Newbridge On The Charles Inc have?
Newbridge On The Charles Inc 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 $61.4M in total revenue.
Filing History
IRS 990 filing history for Newbridge On The Charles Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Newbridge On The Charles Inc's revenue has grown by 30.2%, moving from $39.5M to $51.4M. Total assets decreased by 37.1% over the same period, from $425.2M to $267.4M. Total functional expenses rose by 6.9%, from $61.6M to $65.8M. In its most recent filing year (2023), Newbridge On The Charles Inc reported a deficit of $14.4M, with expenses exceeding revenue. The organization holds $487.0M in liabilities against $267.4M in assets (debt-to-asset ratio: 182.2%), resulting in net assets of $-219,656,392.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $51.4M | $65.8M | $267.4M | $487.0M | — | — |
| 2022 | $55.7M | $69.3M | $273.1M | $483.0M | — | — |
| 2021 | $54.5M | $65.9M | $302.4M | $488.5M | — | View 990 |
| 2020 | $52.6M | $64.7M | $305.9M | $485.2M | — | View 990 |
| 2019 | $52.9M | $62.5M | $316.2M | $486.1M | — | View 990 |
| 2018 | $52.4M | $62.3M | $326.0M | $487.3M | — | View 990 |
| 2017 | $48.2M | $62.9M | $319.4M | $477.5M | — | View 990 |
| 2016 | $46.4M | $62.7M | $329.6M | $476.7M | — | View 990 |
| 2015 | $45.2M | $60.4M | $339.3M | $470.7M | — | View 990 |
| 2014 | $44.8M | $63.0M | $361.5M | $469.0M | — | View 990 |
| 2013 | $43.5M | $61.9M | $375.5M | $464.8M | — | View 990 |
| 2012 | $42.3M | $63.1M | $409.5M | $482.5M | — | View 990 |
| 2011 | $39.5M | $61.6M | $425.2M | $483.7M | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $51.4M, expenses of $65.8M, and assets of $267.4M (revenue -7.7% year-over-year).
- 2022: Revenue of $55.7M, expenses of $69.3M, and assets of $273.1M (revenue +2.3% year-over-year).
- 2021: Revenue of $54.5M, expenses of $65.9M, and assets of $302.4M (revenue +3.5% year-over-year).
- 2020: Revenue of $52.6M, expenses of $64.7M, and assets of $305.9M (revenue -0.6% year-over-year).
- 2019: Revenue of $52.9M, expenses of $62.5M, and assets of $316.2M (revenue +1.0% year-over-year).
- 2018: Revenue of $52.4M, expenses of $62.3M, and assets of $326.0M (revenue +8.8% year-over-year).
- 2017: Revenue of $48.2M, expenses of $62.9M, and assets of $319.4M (revenue +3.9% year-over-year).
- 2016: Revenue of $46.4M, expenses of $62.7M, and assets of $329.6M (revenue +2.7% year-over-year).
- 2015: Revenue of $45.2M, expenses of $60.4M, and assets of $339.3M (revenue +1.0% year-over-year).
- 2014: Revenue of $44.8M, expenses of $63.0M, and assets of $361.5M (revenue +2.9% year-over-year).
- 2013: Revenue of $43.5M, expenses of $61.9M, and assets of $375.5M (revenue +2.8% year-over-year).
- 2012: Revenue of $42.3M, expenses of $63.1M, and assets of $409.5M (revenue +7.1% year-over-year).
- 2011: Revenue of $39.5M, expenses of $61.6M, and assets of $425.2M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Newbridge On The Charles Inc:
Data Sources and Methodology
This transparency report for Newbridge On The Charles 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.