Bright Beginnings Childrens Center Inc

Analysis

Bright Beginnings Childrens Center Inc is a registered charity in United States, based in Natick, MA. It received its IRS tax-exemption ruling in March 1991, 35 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 December 2023, Bright Beginnings Childrens Center Inc reported income of $419k and spending of $470k, spending 112% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $376k to $419k (+11%), an average of +2.7% a year. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bright Beginnings Childrens Center Inc sits at the 62nd percentile: it is larger than about 62% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Have Shears Will Travel ($419k), Aidan Project ($419k) and Montana Council on Developmental Disabilities ($419k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 8.6% and program service revenue 91% of the total. Compensation of current officers, directors and key employees was $57k (12% of expenses). Other salaries and wages came to $287k. At year end it held assets of $68k against liabilities of $0, net assets of $68k. It reported 9 employees.