Brighter Tomorrows Childrens Academy & Enrichment Center

Analysis

Brighter Tomorrows Childrens Academy & Enrichment Center is a registered charity in United States, based in Norfolk, VA. It received its IRS tax-exemption ruling in September 2022, 4 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 2022, Brighter Tomorrows Childrens Academy & Enrichment Center reported income of $2.4m and spending of $1.8m, leaving 23% of income unspent that year. Across the 3 years on record, from December 2020 to December 2022, income fell from $2.5m to $2.4m (-4.6%), an average of -2.3% a year. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brighter Tomorrows Childrens Academy & Enrichment Center 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 87th percentile, and in the 88th percentile within VA. Charities of a similar size with the same main cause include Martinez Early Childhood Center Inc ($2.4m), Harm Reduction Coalition of San Diego HRCSD on Point Inc ($2.4m) and Meals on Wheels Waco ($2.4m).

On its Form 990 for the period ending December 2022, revenue came from program service revenue 100% of the total. At year end it held assets of $395k against liabilities of $361k, net assets of $35k.