Bright Futures for Youth

Analysis

Bright Futures for Youth is a registered charity in United States, based in Grass Valley, CA. It received its IRS tax-exemption ruling in April 1992, 34 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 December 2023, Bright Futures for Youth reported income of $3.2m and spending of $2.7m, spending 82% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $779k to $3.2m (+314%), an average of +43% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 95% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bright Futures for Youth 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 89th percentile, and in the 90th percentile within CA. Charities of a similar size with the same main cause include Brazoria County Dream Center Inc ($3.2m), Family and Community Service of Delaware County ($3.2m) and H E L P International ($3.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 92% and program service revenue 6.7% of the total. Compensation of current officers, directors and key employees was $104k (3.9% of expenses). Other salaries and wages came to $1.2m. At year end it held assets of $2.3m against liabilities of $1.4m, net assets of $906k. It reported 71 employees.