Briteside Adult Day Centers Inc

Analysis

Briteside Adult Day Centers Inc is a registered charity in United States, based in Flemington, NJ. It received its IRS tax-exemption ruling in June 1977, 49 years ago. 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, Briteside Adult Day Centers Inc reported income of $146k and spending of $248k, spending 170% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $544k to $146k (-73%), an average of -28% a year. The sharpest change came in the year to December 2022, when income dropped by 183%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Briteside Adult Day Centers Inc sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 47th percentile, and in the 54th percentile within NJ. Charities of a similar size with the same main cause include United Fire Service Women ($146k), Louisiana Finance Corporation for Handicapped Citizens ($146k) and Bozeman High School Lacrosse ($146k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 40% and program service revenue 16% of the total. At year end it held assets of $1.2m against liabilities of $37k, net assets of $1.2m.

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.