Brighter Choice Elementary Charter Schools

Analysis

Brighter Choice Elementary Charter Schools is a registered charity in United States, based in Albany, NY. It received its IRS tax-exemption ruling in May 2001, 25 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Brighter Choice Elementary Charter Schools reported income of $13.2m and spending of $10.6m, spending 80% of its income. Across the 5 years on record, from June 2020 to June 2024, income grew from $5.3m to $13.2m (+149%), an average of +26% a year. The sharpest change came in the year to June 2021, when income rose by 86%. Over the whole period it spent 87% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brighter Choice Elementary Charter Schools sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 94th percentile within NY. Charities of a similar size with the same main cause include Elm City College Preparatory Inc ($13.2m), Campus Research Corporation ($13.2m) and The Roosevelt Institute ($13.2m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 25% and program service revenue 72% of the total. Other salaries and wages came to $5.1m. At year end it held assets of $22.2m against liabilities of $13.0m, net assets of $9.2m. It reported 126 employees.