Brighter Boston Inc

Analysis

Brighter Boston Inc is a registered charity in United States, based in Chestnut Hill, MA. It received its IRS tax-exemption ruling in April 2017, 9 years ago. Its declared purposes cover employment, which this site groups under community and economic development. 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, Brighter Boston Inc reported income of $408k and spending of $365k, spending 89% of its income. Across the 2 years on record, from June 2022 to June 2023, income grew from $275k to $408k (+48%), an average of +48% a year. The sharpest change came in the year to June 2023, when income rose by 48%. Over the whole period it spent 85% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brighter Boston Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Keystone Development Center Inc ($408k), West Lakes Partnership Inc ($408k) and Blindsight Delaware Enterprises Inc ($408k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 91% and program service revenue 8.7% of the total. Compensation of current officers, directors and key employees was $139k (38% of expenses). Other salaries and wages came to $131k. At year end it held assets of $137k against liabilities of $0, net assets of $137k. It reported 21 employees.