The Bridge To Independence And Career Opportunities Co
EIN: 61377246 · Danbury, CT · NTEE: E50Z
| Metric | Value |
|---|---|
| Total Revenue | $209K |
| Total Expenses | $202K |
| Net Assets | $30K |
Is The Bridge To Independence And Career Opportunities Co Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Bridge To Independence And Career Opportunities Co
The Bridge To Independence And Career Opportunities Co (EIN: 61377246) is a nonprofit organization based in Danbury, CT, classified under NTEE code E50Z. The organization reported total revenue of $209K and total assets of $66K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Bridge To Independence And Career Opportunities Co's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Bridge To Independence And Career Opportunities Co is a small nonprofit that has been operating for 32 years, with 13 years of IRS 990 filings on record (2012–2023). Revenue has grown at a compound annual rate of -4.1%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $209K |
| Total Expenses | $202K |
| Surplus / Deficit | +$7K |
| Total Assets | $66K |
| Total Liabilities | $37K |
| Net Assets | $30K |
| Operating Margin | 3.2% |
| Debt-to-Asset Ratio | 55.0% |
| Months of Reserves | 3.9 months |
Financial Health Grade: A
In 2023, The Bridge To Independence And Career Opportunities Co reported a surplus of $7K with revenue exceeding expenses, holds 3.9 months of operating reserves (adequate), has a debt-to-asset ratio of 55.0% (high leverage).
Financial Trends
Over 13 years of filings (2012–2023), The Bridge To Independence And Career Opportunities Co's revenue has declined at a compound annual growth rate (CAGR) of -4.1%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -15.6% | -19.7% | -24.9% |
| 2022 | +18.0% | +23.0% | +179.0% |
| 2021 | -7.1% | -9.2% | +24.4% |
| 2020 | +19.0% | +2.1% | +2.1% |
| 2019 | -25.1% | -8.5% | -53.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1994 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Bridge To Independence And Career Opportunities Co 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 The Bridge To Independence And Career Opportunities Co 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 $7K, with revenue exceeding expenses.
- Debt-to-asset ratio: 55.0%.
Frequently Asked Questions about The Bridge To Independence And Career Opportunities Co
Is The Bridge To Independence And Career Opportunities Co a legitimate charity?
The Bridge To Independence And Career Opportunities Co (EIN: 61377246) is a registered tax-exempt nonprofit based in Connecticut. It has 13 years of IRS 990 filings on record. Total revenue: $209K. No red flags identified. Financial health grade: A.
How does The Bridge To Independence And Career Opportunities Co spend its money?
The Bridge To Independence And Career Opportunities Co reported $209K in total revenue in IRS 990 filings. 13 years of filing data available. Revenue exceeded expenses in the most recent year. Review the full spending breakdown on NonprofitSpending.
Are donations to The Bridge To Independence And Career Opportunities Co tax-deductible?
The Bridge To Independence And Career Opportunities Co is registered as a tax-exempt nonprofit (EIN: 61377246). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Bridge To Independence And Career Opportunities Co located?
The Bridge To Independence And Career Opportunities Co is headquartered in Danbury, Connecticut and files with the IRS under EIN 61377246. It is classified under NTEE code E50Z.
How many years of IRS 990 filings does The Bridge To Independence And Career Opportunities Co have?
The Bridge To Independence And Career Opportunities Co 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 $209K in total revenue.
Filing History
IRS 990 filing history for The Bridge To Independence And Career Opportunities Co showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2012–2023), The Bridge To Independence And Career Opportunities Co's revenue has declined by 37.1%, moving from $333K to $209K. Total assets increased by 53.7% over the same period, from $43K to $66K. Total functional expenses fell by 45.5%, from $371K to $202K. In its most recent filing year (2023), The Bridge To Independence And Career Opportunities Co reported a surplus of $7K, with revenue exceeding expenses. The organization holds $37K in liabilities against $66K in assets (debt-to-asset ratio: 55.0%), resulting in net assets of $30K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $209K | $202K | $66K | $37K | — | View 990 |
| 2022 | $248K | $252K | $88K | $65K | — | View 990 |
| 2021 | $210K | $205K | $32K | $4K | — | — |
| 2020 | $226K | $226K | $25K | $3K | — | View 990 |
| 2019 | $190K | $221K | $25K | $2K | — | View 990 |
| 2018 | $254K | $242K | $54K | $206 | — | View 990 |
| 2017 | $256K | $243K | $42K | $0 | — | View 990 |
| 2016 | $243K | $265K | $29K | $244 | — | View 990 |
| 2015 | $281K | $266K | $53K | $3K | — | View 990 |
| 2014 | $161K | $164K | $43K | $8K | — | View 990 |
| 2014 | $316K | $313K | $58K | $20K | — | View 990 |
| 2013 | $305K | $267K | $60K | $24K | — | View 990 |
| 2012 | $333K | $371K | $43K | $46K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $209K, expenses of $202K, and assets of $66K (revenue -15.6% year-over-year).
- 2022: Revenue of $248K, expenses of $252K, and assets of $88K (revenue +18.0% year-over-year).
- 2021: Revenue of $210K, expenses of $205K, and assets of $32K (revenue -7.1% year-over-year).
- 2020: Revenue of $226K, expenses of $226K, and assets of $25K (revenue +19.0% year-over-year).
- 2019: Revenue of $190K, expenses of $221K, and assets of $25K (revenue -25.1% year-over-year).
- 2018: Revenue of $254K, expenses of $242K, and assets of $54K (revenue -0.8% year-over-year).
- 2017: Revenue of $256K, expenses of $243K, and assets of $42K (revenue +5.0% year-over-year).
- 2016: Revenue of $243K, expenses of $265K, and assets of $29K (revenue -13.4% year-over-year).
- 2015: Revenue of $281K, expenses of $266K, and assets of $53K (revenue +74.1% year-over-year).
- 2014: Revenue of $161K, expenses of $164K, and assets of $43K (revenue -48.9% year-over-year).
- 2014: Revenue of $316K, expenses of $313K, and assets of $58K (revenue +3.7% year-over-year).
- 2013: Revenue of $305K, expenses of $267K, and assets of $60K (revenue -8.3% year-over-year).
- 2012: Revenue of $333K, expenses of $371K, and assets of $43K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Bridge To Independence And Career Opportunities Co:
Data Sources and Methodology
This transparency report for The Bridge To Independence And Career Opportunities Co 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.