Bright Futures

Analysis

Bright Futures is a registered charity in United States, based in Telluride, CO. It received its IRS tax-exemption ruling in August 2005, 21 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Bright Futures reported income of $2.5m and spending of $2.4m, spending 93% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.5m (+42%), an average of +9.1% a year. The sharpest change came in the year to June 2021, when income rose by 42%. Over the whole period it spent 96% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bright Futures sits at the 85th percentile: it is larger than about 85% of them. Against every charity in United States with reported income it ranks in the 88th percentile, and in the 88th percentile within CO. Charities of a similar size with the same main cause include Hobby Horse House of Jacksonville ($2.5m), Companeros Del Barrio ($2.5m) and Chastella Inc ($2.5m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% and program service revenue 0.1% of the total. Compensation of current officers, directors and key employees was $109k (4.6% of expenses). Other salaries and wages came to $516k. At year end it held assets of $1.3m against liabilities of $385k, net assets of $906k. It reported 31 employees.