Brightside Up Inc

Analysis

Brightside Up Inc is a registered charity in United States, based in Menands, NY. It received its IRS tax-exemption ruling in August 1984, 42 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, Brightside Up Inc reported income of $6.8m and spending of $6.8m, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.7m to $6.8m (+42%), an average of +9.2% a year. The sharpest change came in the year to December 2020, when income rose by 59%. Over the whole period it spent 97% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brightside Up Inc sits at the 92nd percentile: it is larger than about 92% of them. Against every charity in United States with reported income it ranks in the 93rd percentile, and in the 91st percentile within NY. Charities of a similar size with the same main cause include Clare Housing ($6.8m), Marjorie Doyle Rockwell Center Inc ($6.8m) and Ithacare Center Service Co Inc ($6.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 84% and program service revenue 15% of the total. Compensation of current officers, directors and key employees was $260k (3.8% of expenses). Other salaries and wages came to $3.2m. At year end it held assets of $2.7m against liabilities of $1.4m, net assets of $1.3m. It reported 59 employees.