Brightstone Inc

Analysis

Brightstone Inc is a registered charity in United States, based in Franklin, TN. It received its IRS tax-exemption ruling in October 1999, 27 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 December 2023, Brightstone Inc reported income of $3.8m and spending of $2.7m, leaving 29% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $3.5m to $3.8m (+6.8%), an average of +1.6% a year. The sharpest change came in the year to December 2021, when income rose by 178%. Over the whole period it spent 34% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brightstone Inc sits at the 87th percentile: it is larger than about 87% of them. Against every charity in United States with reported income it ranks in the 90th percentile, and in the 91st percentile within TN. Charities of a similar size with the same main cause include Belmont-Redwood Shores Public School Foundation ($3.8m), Tazewell County Headstart Program ($3.8m) and Naval Academy Primary School Association Incorporated ($3.8m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 87% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $124k (4.6% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $23.2m against liabilities of $1.4m, net assets of $21.9m. It reported 34 employees.