Bright Faces Inc

Analysis

Bright Faces Inc is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in April 1994, 32 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 June 2024, Bright Faces Inc reported income of $144k and spending of $256k, spending 178% of what it took in. Across the 5 years on record, from June 2020 to June 2024, income fell from $518k to $144k (-72%), an average of -27% a year. The sharpest change came in the year to June 2024, when income dropped by 61%. Over the whole period it spent 91% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bright Faces Inc sits at the 34th percentile: it is larger than about 34% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 47th percentile within IL. Charities of a similar size with the same main cause include Higgy Bears ($144k), In Harmony Therapeutic Services ($144k) and Cowboys for Cancer Research Inc ($144k).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 100% of the total. At year end it held assets of $55k against liabilities of $6,321, net assets of $49k.