Bright Lights Inc

Analysis

Bright Lights Inc is a registered charity in United States, based in Lincoln, NE. It received its IRS tax-exemption ruling in June 1988, 38 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending August 2023, Bright Lights Inc reported income of $389k and spending of $406k, spending 104% of its income. Across the 5 years on record, from August 2019 to August 2023, income fell from $459k to $389k (-15%), an average of -4.1% a year. The sharpest change came in the year to August 2021, when income rose by 124%. Over the whole period it spent 90% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bright Lights Inc sits at the 65th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 66th percentile, and in the 65th percentile within NE. Charities of a similar size with the same main cause include Chowchilla Athletic Foundation Inc ($389k), International Alliance of Theatrical and Stage Employees ($389k) and Rose City Montessori School Inc ($389k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 33% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $85k (21% of expenses). Other salaries and wages came to $100k. At year end it held assets of $1.0m against liabilities of $48k, net assets of $974k. It reported 21 employees.