Brightpoint Community College Foundation

Analysis

Brightpoint Community College Foundation is a registered charity in United States, based in Midlothian, VA. It received its IRS tax-exemption ruling in December 1985, 41 years ago. Its declared purposes cover education, which this site groups under education and training. 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 June 2023, Brightpoint Community College Foundation reported income of $2.1m and spending of $1.7m, spending 82% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $2.5m to $2.1m (-17%), an average of -4.4% a year. The sharpest change came in the year to June 2021, when income rose by 152%. Over the whole period it spent 69% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brightpoint Community College Foundation sits at the 83rd percentile: it is larger than about 82% of them. Against every charity in United States with reported income it ranks in the 86th percentile, and in the 87th percentile within VA. Charities of a similar size with the same main cause include Paths to Independence ($2.1m), Romero Academy ($2.1m) and Bronxville Montessori School ($2.1m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 84% of the total. At year end it held assets of $9.1m against liabilities of $229k, net assets of $8.9m.