Bright Spot Child Care Inc

Analysis

Bright Spot Child Care Inc is a registered charity in United States, based in Collegeville, PA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bright Spot Child Care Inc reported income of $230k and spending of $211k, spending 92% of its income. Across the 5 years on record, from December 2019 to December 2023, income fell from $234k to $230k (-1.7%), an average of -0.4% a year. The sharpest change came in the year to December 2021, when income rose by 35%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bright Spot Child Care Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 54th percentile within PA. Charities of a similar size with the same main cause include Veritas Montessori Academy ($230k), Tularcitos Parent Teacher Organization ($231k) and Ilmunc ($230k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $42k (20% of expenses). Other salaries and wages came to $119k. At year end it held assets of $131k against liabilities of $2,380, net assets of $129k. It reported 12 employees.