Bright School Inc

Analysis

Bright School Inc is a registered charity in United States, based in Chattanooga, TN. It received its IRS tax-exemption ruling in March 1951, 75 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Bright School Inc reported income of $9.4m and spending of $7.1m, leaving 24% of income unspent that year. Across the 6 years on record, from May 2019 to May 2024, income grew from $7.5m to $9.4m (+25%), an average of +4.6% a year. The sharpest change came in the year to May 2024, when income rose by 22%. Over the whole period it spent 77% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bright School Inc sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 95th percentile, and in the 95th percentile within TN. Charities of a similar size with the same main cause include Ki Education Foundation ($9.4m), Indiana Math and Science Academy -Indianapolis Inc ($9.4m) and Legacy Preparatory Academy ($9.4m).

On its Form 990 for the period ending May 2024, revenue came from contributions and grants 18% and program service revenue 68% of the total. Compensation of current officers, directors and key employees was $232k (3.3% of expenses). Other salaries and wages came to $3.3m. At year end it held assets of $23.0m against liabilities of $1.6m, net assets of $21.4m. It reported 127 employees.