Building Bright Futures State Council Inc

Analysis

Building Bright Futures State Council Inc is a registered charity in United States, based in Williston, VT. It received its IRS tax-exemption ruling in July 2011, 15 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Building Bright Futures State Council Inc reported income of $1.3m and spending of $1.3m, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $1.6m to $1.3m (-21%), an average of -5.7% a year. The sharpest change came in the year to June 2020, when income dropped by 43%. Over the whole period it spent 96% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Building Bright Futures State Council Inc sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 80th percentile within VT. Charities of a similar size with the same main cause include Brown Christian Academy ($1.3m), Concordia Foundation Nebraska ($1.3m) and Mohave County Association for Retar Ded Citizens Inc ($1.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 99% of the total. Compensation of current officers, directors and key employees was $130k (9.9% of expenses). Other salaries and wages came to $671k. At year end it held assets of $677k against liabilities of $84k, net assets of $592k. It reported 11 employees.