Brightside Foundation Inc

Analysis

Brightside Foundation Inc is a registered charity in United States, based in Louisville, KY. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover public safety, disaster preparedness and relief, which this site groups under armed forces, emergency and public safety. 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 2023, Brightside Foundation Inc reported income of $482k and spending of $214k, leaving 56% of income unspent that year. Across the 4 years on record, from June 2020 to June 2023, income grew from $444k to $482k (+8.5%), an average of +2.8% a year. The sharpest change came in the year to June 2022, when income dropped by 104%. Over the whole period it spent 79% of the income it received.

Among 9,128 United States charities whose main cause is armed forces, emergency and public safety and that reported income, Brightside Foundation 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 70th percentile, and in the 70th percentile within KY. Charities of a similar size with the same main cause include Hatzalah of Houston ($482k), No 9 Township Fire and Rescue ($482k) and The North Carolina State Association of Fire Chiefs ($480k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 59% of the total. Compensation of current officers, directors and key employees was $90k (42% of expenses). At year end it held assets of $1.6m against liabilities of $45k, net assets of $1.6m. It reported 3 employees.