Bright Beginnings Inc

Analysis

Bright Beginnings Inc is a registered charity in United States, based in Washington, DC. It received its IRS tax-exemption ruling in January 1991, 35 years ago. 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, Bright Beginnings Inc reported income of $8.5m and spending of $8.7m, spending 102% of its income. Across the 5 years on record, from September 2019 to September 2023, income fell from $8.6m to $8.5m (-0.7%), an average of -0.2% a year. The sharpest change came in the year to September 2020, when income rose by 15%. Over the whole period it spent 91% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bright Beginnings Inc sits at the 95th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 86th percentile within DC. Charities of a similar size with the same main cause include Restoration Ministries Inc ($8.5m), Campion School ($8.5m) and King County Sexual Assault Resource Center ($8.5m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 84% and program service revenue 14% of the total. Compensation of current officers, directors and key employees was $202k (2.3% of expenses). Other salaries and wages came to $4.6m. At year end it held assets of $19.3m against liabilities of $7.4m, net assets of $11.9m. It reported 117 employees.