Bright Blessings

Analysis

Bright Blessings is a registered charity in United States, based in Matthews, NC. It received its IRS tax-exemption ruling in July 2008, 18 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 Blessings reported income of $790k and spending of $912k, spending 115% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $622k to $790k (+27%), an average of +6.2% a year. The sharpest change came in the year to December 2022, when income rose by 20%. Over the whole period it spent 103% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bright Blessings sits at the 72nd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 77th percentile within NC. Charities of a similar size with the same main cause include Casa of Central Oregon ($790k), Because He Lives Ministry Inc ($790k) and Real Life Childrens Ranch Inc ($790k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $75k (8.2% of expenses). Other salaries and wages came to $178k. At year end it held assets of $303k against liabilities of $396, net assets of $303k. It reported 11 employees.