Brightside Inc

Analysis

Brightside Inc is a registered charity in United States, based in Hartford, CT. It received its IRS tax-exemption ruling in March 1946, 80 years ago. Its declared purposes cover human services, which this site groups under poverty relief. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Brightside Inc reported income of $2.9m and spending of $2.0m, leaving 32% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $2.8m to $2.9m (+3.6%), an average of +0.9% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 87% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brightside Inc sits at the 87th percentile: it is larger than about 86% of them. Against every charity in United States with reported income it ranks in the 89th percentile, and in the 87th percentile within CT. Charities of a similar size with the same main cause include Athol Young Mens Christian Association and Subsidiary ($2.9m), Binghamton Broome County Y M C a ($2.9m) and Create ($2.9m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 24% and program service revenue 68% of the total. Other salaries and wages came to $1.4m. At year end it held assets of $7.1m against liabilities of $4.7m, net assets of $2.3m. It reported 47 employees.