Hull Bright Start Inc

Analysis

Hull Bright Start Inc is a registered charity in United States, based in Hull, IA. It received its IRS tax-exemption ruling in May 2007, 19 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, Hull Bright Start Inc reported income of $1.4m and spending of $386k, leaving 73% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $286k to $1.4m (+403%), an average of +50% a year. The sharpest change came in the year to December 2022, when income rose by 290%. Over the whole period it spent 42% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Hull Bright Start Inc sits at the 80th percentile: it is larger than about 80% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 85th percentile within IA. Charities of a similar size with the same main cause include Fairport Baptist Homes Adult Care Facility Inc ($1.4m), Britvil Community Food Pantry Inc ($1.4m) and Doubleday Babcock Senior Center Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 56% and program service revenue 39% of the total. Other salaries and wages came to $278k. At year end it held assets of $2.8m against liabilities of $581k, net assets of $2.3m. It reported 32 employees.