Bright Circle Inc

Analysis

Bright Circle Inc is a registered charity in United States, based in Topeka, KS. It received its IRS tax-exemption ruling in November 1981, 45 years ago. 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 December 2023, Bright Circle Inc reported income of $234k and spending of $250k, spending 107% of what it took in. Across the 4 years on record, from December 2020 to December 2023, income fell from $251k to $234k (-6.9%), an average of -2.4% a year. The sharpest change came in the year to December 2021, when income rose by 25%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bright Circle Inc sits at the 55th percentile: it is larger than about 55% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 57th percentile within KS. Charities of a similar size with the same main cause include Ferber Family of Houma Foundation ($234k), Share Healthcare ($234k) and San Marcos Parent-Child Workshop Inc ($234k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 21% and program service revenue 79% of the total. Compensation of current officers, directors and key employees was $39k (16% of expenses). Other salaries and wages came to $131k. At year end it held assets of $154k against liabilities of $9,167, net assets of $145k. It reported 15 employees.