Brightfocus Foundation

Analysis

Brightfocus Foundation is a registered charity in United States, based in Clarksburg, MD. It received its IRS tax-exemption ruling in January 1974, 52 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 March 2024, Brightfocus Foundation reported income of $48.7m and spending of $46.2m, spending 95% of its income. Across the 5 years on record, from March 2020 to March 2024, income grew from $37.4m to $48.7m (+30%), an average of +6.8% a year. The sharpest change came in the year to March 2021, when income rose by 37%. Over the whole period it spent 105% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brightfocus Foundation sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 98th percentile within MD. Charities of a similar size with the same main cause include Dimock Community Foundation Inc Group Return ($48.6m), Princeton Healthcare Affiliated Physicians PC ($48.7m) and Central Minnesota Diagnostic Inc ($48.6m).

On its Form 990 for the period ending March 2024, revenue came from contributions and grants 89% of the total. Compensation of current officers, directors and key employees was $1.7m (3.6% of expenses). Other salaries and wages came to $4.0m. It paid $953k in professional fundraising fees. At year end it held assets of $63.5m against liabilities of $37.2m, net assets of $26.2m. It reported 69 employees.