Bright Side Opportunities Corporation

Analysis

Bright Side Opportunities Corporation is a registered charity in United States, based in Lancaster, PA. It received its IRS tax-exemption ruling in March 2001, 25 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Bright Side Opportunities Corporation reported income of $1.4m and spending of $927k, leaving 33% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $379k to $1.4m (+264%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 70%. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Bright Side Opportunities Corporation sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 83rd percentile, and in the 81st percentile within PA. Charities of a similar size with the same main cause include Great Lakes Valley Conference ($1.4m), Future Talent of Silicon Valley ($1.4m) and Complete Playground Inc ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 72% and program service revenue 25% of the total. Compensation of current officers, directors and key employees was $97k (10% of expenses). Other salaries and wages came to $303k. At year end it held assets of $3.4m against liabilities of $944k, net assets of $2.4m. It reported 27 employees.