Brighter Horizon Group Homes Inc

Analysis

Brighter Horizon Group Homes Inc is a registered charity in United States, based in Sherman Oaks, CA. It received its IRS tax-exemption ruling in April 2016, 10 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Brighter Horizon Group Homes Inc reported income of $3.3m and spending of $3.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $625k to $3.3m (+436%), an average of +52% a year. The sharpest change came in the year to December 2021, when income rose by 175%. Over the whole period it spent 98% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brighter Horizon Group Homes 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 90th percentile within CA. Charities of a similar size with the same main cause include Successful Living Supportive Housing Program ($3.3m), Highland Lakes Crisis Network ($3.3m) and Posada ($3.3m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $187k (5.7% of expenses). Other salaries and wages came to $1.5m. At year end it held assets of $854k against liabilities of $724k, net assets of $130k. It reported 77 employees.