Brighter Choice Foundation Inc

Analysis

Brighter Choice Foundation Inc is a registered charity in United States, based in Glenmont, NY. It received its IRS tax-exemption ruling in December 2000, 26 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Brighter Choice Foundation Inc reported income of $126k and spending of $179k, spending 142% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $1.8m to $126k (-93%), an average of -48% a year. The sharpest change came in the year to December 2021, when income rose by 2367%. Over the whole period it spent 79% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brighter Choice Foundation Inc sits at the 48th percentile: it is larger than about 48% of them. Against every charity in United States with reported income it ranks in the 43rd percentile, and in the 41st percentile within NY. Charities of a similar size with the same main cause include North Arkansas Medical Foundation ($126k), Madisonville Community Urban Redevelopment Corporation ($126k) and Ventura County Professional Firefighters Assoc Charity Fund ($126k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 79% of the total. At year end it held assets of $593k against liabilities of $900, net assets of $592k.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.