Brighton Properties Inc

Analysis

Brighton Properties Inc is a registered charity in United States, based in Newport, KY. It received its IRS tax-exemption ruling in June 1997, 29 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2024, Brighton Properties Inc reported income of $1.8m and spending of $1.4m, spending 82% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $1.5m to $1.8m (+16%), an average of +3.1% a year. The sharpest change came in the year to June 2023, when income rose by 32%. Over the whole period it spent 77% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brighton Properties Inc sits at the 82nd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 85th percentile, and in the 85th percentile within KY. Charities of a similar size with the same main cause include Lemay Child and Family Center ($1.8m), Center for Independent Futures ($1.8m) and The Connecticut Womens Consortium Inc ($1.8m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 17% and program service revenue 80% of the total. Other salaries and wages came to $489k. At year end it held assets of $14.1m against liabilities of $1.9m, net assets of $12.2m. It reported 12 employees.