Bright Futures Growth and Development Center

Analysis

Bright Futures Growth and Development Center is a registered charity in United States, based in El Sobrante, CA. It received its IRS tax-exemption ruling in March 2014, 12 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 December 2023, Bright Futures Growth and Development Center reported income of $380k and spending of $474k, spending 125% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $545k to $380k (-30%), an average of -8.6% a year. The sharpest change came in the year to December 2021, when income rose by 226%. Over the whole period it spent 101% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bright Futures Growth and Development Center sits at the 60th percentile: it is larger than about 60% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 68th percentile within CA. Charities of a similar size with the same main cause include Double B Missions Cafe Inc ($380k), Greenacres Child Care Center ($381k) and Citrus County Charities Inc ($380k).

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 $100k (21% of expenses). Other salaries and wages came to $109k. At year end it held assets of $66k against liabilities of $0, net assets of $66k. It reported 3 employees.