Bright Beginnings Learning Center

Analysis

Bright Beginnings Learning Center is a registered charity in United States, based in Platte, SD. It received its IRS tax-exemption ruling in July 2004, 22 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 2023, Bright Beginnings Learning Center reported income of $472k and spending of $474k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $272k to $472k (+74%), an average of +15% a year. The sharpest change came in the year to December 2021, when income rose by 43%. Over the whole period it spent 92% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bright Beginnings Learning Center sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within SD. Charities of a similar size with the same main cause include The Connection Homeless Shelter Inc ($472k), Fort Myers Beach Womens Club ($472k) and Central Vermont Refugee Action Network Inc ($471k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 15% and program service revenue 69% of the total. Compensation of current officers, directors and key employees was $34k (7.2% of expenses). Other salaries and wages came to $268k. At year end it held assets of $330k against liabilities of $75k, net assets of $256k. It reported 41 employees.