Brightpath

Analysis

Brightpath is a registered charity in United States, based in Capitola, CA. It received its IRS tax-exemption ruling in August 2011, 15 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, Brightpath reported income of $884k and spending of $863k, spending 98% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $489k to $884k (+81%), an average of +12% a year. The sharpest change came in the year to June 2024, when income rose by 44%. Over the whole period it spent 98% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brightpath sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within CA. Charities of a similar size with the same main cause include Occa Foundation ($884k), Freedom House Ministries ($884k) and Flagler County Education - Direct Support Organization Inc ($883k).

On its Form 990 for the period ending June 2024, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $147k (17% of expenses). Other salaries and wages came to $283k. At year end it held assets of $92k against liabilities of $68k, net assets of $24k. It reported 14 employees.