Bright Futures Fund

Analysis

Bright Futures Fund is a registered charity in United States, based in Kansas City, MO. It received its IRS tax-exemption ruling in August 2016, 10 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, Bright Futures Fund reported income of $4.6m and spending of $4.9m, spending 106% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.3m to $4.6m (+253%), an average of +37% a year. The sharpest change came in the year to June 2023, when income rose by 106%. Over the whole period it spent 83% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bright Futures Fund sits at the 89th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 90th percentile within MO. Charities of a similar size with the same main cause include Northern Forest Center Inc ($4.6m), Ashland School Inc ($4.6m) and Michigan Association of Secondary School Principals ($4.6m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 90% of the total. Compensation of current officers, directors and key employees was $35k (0.7% of expenses). Other salaries and wages came to $278k. At year end it held assets of $2.2m against liabilities of $17k, net assets of $2.2m.