Brighter Tomorrows

Analysis

Brighter Tomorrows is a registered charity in United States, based in Rochester, MN. It received its IRS tax-exemption ruling in February 2008, 18 years ago. Its declared purposes cover health care, which this site groups under health and saving lives. 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 December 2023, Brighter Tomorrows reported income of $63k and spending of $24k, leaving 62% of income unspent that year. Across the 3 years on record, from December 2020 to December 2023, income fell from $64k to $63k (-1.2%), an average of -0.6% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 88% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brighter Tomorrows sits at the 19th percentile: it is larger than about 19% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 21st percentile within MN. Charities of a similar size with the same main cause include Maddog Strong Foundation ($63k), Blue Cure Foundation ($63k) and Pediatric Neurocritical Care Research Group Inc ($63k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 83% of the total. At year end it held assets of $384k against liabilities of $991, net assets of $383k.