Brighton Marine Inc

Analysis

Brighton Marine Inc is a registered charity in United States, based in Brighton, MA. It received its IRS tax-exemption ruling in April 1983, 43 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 September 2023, Brighton Marine Inc reported income of $162.9m and spending of $161.2m, spending 99% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $151.3m to $162.9m (+7.6%), an average of +1.9% a year. Over the whole period it spent 99% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brighton Marine Inc sits at the 96th percentile: it is larger than about 96% of them. Against every charity in United States with reported income it ranks in the 100th percentile, and in the 99th percentile within MA. Charities of a similar size with the same main cause include Commcare Corporation ($162.8m), United Memorial Medical Center ($163.2m) and Riverside Research Institute ($162.7m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 94% and program service revenue 5.1% of the total. Other salaries and wages came to $1.6m. At year end it held assets of $56.9m against liabilities of $7.7m, net assets of $49.2m. It reported 28 employees.