Bright Beginnings Academy

Analysis

Bright Beginnings Academy is a registered charity in United States, based in Mobile, AL. It received its IRS tax-exemption ruling in January 2015, 11 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 July 2024, Bright Beginnings Academy reported income of $383k and spending of $418k, spending 109% of what it took in. Across the 6 years on record, from July 2019 to July 2024, income fell from $464k to $383k (-17%), an average of -3.8% a year. The sharpest change came in the year to July 2021, when income rose by 26%. Over the whole period it spent 102% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bright Beginnings Academy 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 66th percentile, and in the 68th percentile within AL. Charities of a similar size with the same main cause include Educate2envision International ($383k), Enrich Kids Now ($383k) and 206 Universal ($383k).

On its Form 990 for the period ending July 2024, revenue came from contributions and grants 8.0% and program service revenue 86% of the total. Other salaries and wages came to $274k. At year end it held assets of $22k against liabilities of $14k, net assets of $8,006. It reported 23 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.