Brighthouse Inc

Analysis

Brighthouse Inc is a registered charity in United States, based in Hutchinson, KS. It received its IRS tax-exemption ruling in July 1982, 44 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 September 2023, Brighthouse Inc reported income of $1.0m and spending of $1.1m, spending 103% of its income. Across the 5 years on record, from September 2019 to September 2023, income grew from $852k to $1.0m (+22%), an average of +5.0% a year. The sharpest change came in the year to September 2021, when income rose by 33%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brighthouse Inc sits at the 75th percentile: it is larger than about 75% of them. Against every charity in United States with reported income it ranks in the 80th percentile, and in the 80th percentile within KS. Charities of a similar size with the same main cause include Acadia Council on Aging ($1.0m), Sima Studios ($1.0m) and Community Resource Centers of Texas Inc ($1.0m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 99% of the total. Other salaries and wages came to $714k. At year end it held assets of $905k against liabilities of $475k, net assets of $430k. It reported 24 employees.