Brighton Center Inc

Analysis

Brighton Center Inc is a registered charity in United States, based in Newport, KY. It received its IRS tax-exemption ruling in December 1968, 58 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 June 2024, Brighton Center Inc reported income of $15.7m and spending of $13.3m, spending 85% of its income. Across the 6 years on record, from June 2019 to June 2024, income grew from $10.7m to $15.7m (+46%), an average of +7.9% a year. The sharpest change came in the year to June 2021, when income rose by 25%. Over the whole period it spent 92% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brighton Center Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 96th percentile, and in the 96th percentile within KY. Charities of a similar size with the same main cause include Presbyterian Retirement Homes of Birmingham Inc ($15.7m), YWCA of San Gabriel Valley ($15.7m) and Word Among US Inc ($15.7m).

On its Form 990 for the period ending June 2024, revenue came from contributions and grants 79% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $317k (2.4% of expenses). Other salaries and wages came to $6.1m. At year end it held assets of $13.9m against liabilities of $1.1m, net assets of $12.7m. It reported 244 employees.