Briteway Inc

Analysis

Briteway Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in November 2000, 26 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Briteway Inc reported income of $857k and spending of $857k, spending 100% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $794k to $857k (+7.9%), an average of +1.9% a year. Over the whole period it spent 100% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Briteway Inc sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 73rd percentile within NY. Charities of a similar size with the same main cause include Springfield Library Foundation Inc ($856k), J Center for Early Learning Inc ($857k) and International Society for CNS Clinical Trials and Methodology in ($856k).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $163k (19% of expenses). Other salaries and wages came to $486k. At year end it held assets of $1.4m against liabilities of $4.2m, net assets of -$2.8m. It reported 12 employees.