The Friends Of The Bridgeport Public Library Inc
EIN: 522382903 · Bridgeport, CT · NTEE: B117
| Metric | Value |
|---|---|
| Total Revenue | $28K |
| Total Expenses | $30K |
| Net Assets | $98K |
Is The Friends Of The Bridgeport Public Library Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About The Friends Of The Bridgeport Public Library Inc
The Friends Of The Bridgeport Public Library Inc (EIN: 522382903) is a nonprofit organization based in Bridgeport, CT, classified under NTEE code B117. The organization reported total revenue of $28K and total assets of $81K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of The Friends Of The Bridgeport Public Library Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
The Friends Of The Bridgeport Public Library Inc is a micro nonprofit that has been operating for 20 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 6.2%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $38K |
| Total Expenses | $30K |
| Surplus / Deficit | +$8K |
| Total Assets | $98K |
| Net Assets | $98K |
| Operating Margin | 21.5% |
| Months of Reserves | 38.8 months |
Financial Health Grade: A
In 2023, The Friends Of The Bridgeport Public Library Inc reported a surplus of $8K with revenue exceeding expenses, holds 38.8 months of operating reserves (strong position).
Financial Trends
Over 13 years of filings (2011–2023), The Friends Of The Bridgeport Public Library Inc's revenue has grown at a compound annual growth rate (CAGR) of 6.2%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +34.5% | +22.6% | +9.2% |
| 2022 | +0.4% | +52.6% | +4.6% |
| 2021 | +57.6% | -25.4% | +16.9% |
| 2020 | -65.2% | -56.7% | -4.6% |
| 2019 | +10.4% | +1.0% | +2.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2006 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for The Friends Of The Bridgeport Public Library 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 The Friends Of The Bridgeport Public Library 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 surplus of $8K, with revenue exceeding expenses.
Frequently Asked Questions about The Friends Of The Bridgeport Public Library Inc
Is The Friends Of The Bridgeport Public Library Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, The Friends Of The Bridgeport Public Library Inc (EIN: 522382903) insufficient data. 0 red flags identified, 0 strengths noted.
How does The Friends Of The Bridgeport Public Library Inc spend its money?
Detailed spending breakdown data is not yet available for The Friends Of The Bridgeport Public Library Inc. Check back for updated IRS 990 analysis.
Are donations to The Friends Of The Bridgeport Public Library Inc tax-deductible?
The Friends Of The Bridgeport Public Library Inc is registered as a tax-exempt nonprofit (EIN: 522382903). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is The Friends Of The Bridgeport Public Library Inc located?
The Friends Of The Bridgeport Public Library Inc is headquartered in Bridgeport, Connecticut and files with the IRS under EIN 522382903. It is classified under NTEE code B117.
How many years of IRS 990 filings does The Friends Of The Bridgeport Public Library Inc have?
The Friends Of The Bridgeport Public Library 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 $28K in total revenue.
Filing History
IRS 990 filing history for The Friends Of The Bridgeport Public Library Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), The Friends Of The Bridgeport Public Library Inc's revenue has grown by 105%, moving from $19K to $38K. Total assets increased by 170.3% over the same period, from $36K to $98K. Total functional expenses rose by 534.7%, from $5K to $30K. In its most recent filing year (2023), The Friends Of The Bridgeport Public Library Inc reported a surplus of $8K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $38K | $30K | $98K | $0 | — | View 990 |
| 2022 | $29K | $25K | $89K | $0 | — | — |
| 2021 | $28K | $16K | $85K | $0 | — | — |
| 2020 | $18K | $22K | $73K | $0 | — | View 990 |
| 2019 | $52K | $50K | $77K | $0 | — | View 990 |
| 2018 | $47K | $49K | $75K | $0 | — | View 990 |
| 2017 | $51K | $49K | $77K | $0 | — | View 990 |
| 2016 | $45K | $50K | $75K | $0 | — | View 990 |
| 2015 | $56K | $41K | $80K | $0 | — | View 990 |
| 2014 | $88K | $71K | $65K | $0 | — | View 990 |
| 2013 | $10K | $9K | $48K | $0 | — | View 990 |
| 2012 | $16K | $5K | $47K | $0 | — | View 990 |
| 2011 | $19K | $5K | $36K | $0 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $38K, expenses of $30K, and assets of $98K (revenue +34.5% year-over-year).
- 2022: Revenue of $29K, expenses of $25K, and assets of $89K (revenue +0.4% year-over-year).
- 2021: Revenue of $28K, expenses of $16K, and assets of $85K (revenue +57.6% year-over-year).
- 2020: Revenue of $18K, expenses of $22K, and assets of $73K (revenue -65.2% year-over-year).
- 2019: Revenue of $52K, expenses of $50K, and assets of $77K (revenue +10.4% year-over-year).
- 2018: Revenue of $47K, expenses of $49K, and assets of $75K (revenue -8.0% year-over-year).
- 2017: Revenue of $51K, expenses of $49K, and assets of $77K (revenue +14.0% year-over-year).
- 2016: Revenue of $45K, expenses of $50K, and assets of $75K (revenue -20.0% year-over-year).
- 2015: Revenue of $56K, expenses of $41K, and assets of $80K (revenue -36.6% year-over-year).
- 2014: Revenue of $88K, expenses of $71K, and assets of $65K (revenue +794.3% year-over-year).
- 2013: Revenue of $10K, expenses of $9K, and assets of $48K (revenue -40.0% year-over-year).
- 2012: Revenue of $16K, expenses of $5K, and assets of $47K (revenue -12.1% year-over-year).
- 2011: Revenue of $19K, expenses of $5K, and assets of $36K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for The Friends Of The Bridgeport Public Library Inc:
Data Sources and Methodology
This transparency report for The Friends Of The Bridgeport Public Library 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.