Project Bright Future Mentoring Program

Analysis

Project Bright Future Mentoring Program is a registered charity in United States, based in Temple Hills, MD. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover public and societal benefit, which this site groups under other charitable purposes. 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, Project Bright Future Mentoring Program reported income of $64k and spending of $54k, spending 85% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $80k to $64k (-21%), an average of -21% a year. The sharpest change came in the year to December 2023, when income dropped by 21%. Over the whole period it spent 85% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Project Bright Future Mentoring Program sits at the 25th percentile: it is larger than about 25% of them. Against every charity in United States with reported income it ranks in the 25th percentile, and in the 27th percentile within MD. Charities of a similar size with the same main cause include PTA California Congress of Parents Teachers & Students Inc ($64k), Santa Claus Girls ($64k) and Cowley County Historical Society ($64k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $9,823 against liabilities of $0, net assets of $9,823.