Bright Futures Foundation

Analysis

Bright Futures Foundation is a registered charity in United States, based in Glenview, IL. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover education, which this site groups under education and training. 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 Futures Foundation reported income of $142k and spending of $226k, spending 159% of what it took in. Across the 3 years on record, from December 2021 to December 2023, income fell from $268k to $142k (-47%), an average of -27% a year. The sharpest change came in the year to December 2022, when income dropped by 52%. Over the whole period it spent 70% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bright Futures Foundation sits at the 47th percentile: it is larger than about 47% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 46th percentile within IL. Charities of a similar size with the same main cause include Miss Rodeo America Scholarship Foundation Inc ($142k), Franklin Township Education Foundation Inc ($142k) and Central High School Band Booster Club Inc ($142k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% of the total. Other salaries and wages came to $4,381. At year end it held assets of $603k against liabilities of $0, net assets of $603k.