Will Bright Foundation Inc

Analysis

Will Bright Foundation Inc is a registered charity in United States, based in Trussville, AL. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover religion-related, which this site groups under religion. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2024, Will Bright Foundation Inc reported income of $351k and spending of $265k, leaving 25% of income unspent that year. Across the 5 years on record, from June 2020 to June 2024, income grew from $163k to $351k (+116%), an average of +21% a year. The sharpest change came in the year to June 2022, when income rose by 166%. Over the whole period it spent 61% of the income it received.

Among 31,138 United States charities whose main cause is religion and that reported income, Will Bright Foundation 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 64th percentile, and in the 67th percentile within AL. Charities of a similar size with the same main cause include Finding Purpose ($351k), Kesed Seminars ($351k) and Freedom in Christ Residential Centers ($351k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 65% and program service revenue 33% of the total. Other salaries and wages came to $125k. At year end it held assets of $1.4m against liabilities of $136k, net assets of $1.2m.