A Brighter Way

Analysis

A Brighter Way is a registered charity in United States, based in Ypsilanti, MI. It received its IRS tax-exemption ruling in March 2019, 7 years ago. 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, A Brighter Way reported income of $1.0m and spending of $551k, leaving 46% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $249k to $1.0m (+306%), an average of +306% a year. The sharpest change came in the year to December 2023, when income rose by 306%. Over the whole period it spent 59% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, A Brighter Way sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 79th percentile, and in the 79th percentile within MI. Charities of a similar size with the same main cause include National Foundation for Transplants Inc ($1.0m), Oregon Coast Council of the Arts ($1.0m) and Thrift Shop Inc ($1.0m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 5.6% of the total. Compensation of current officers, directors and key employees was $95k (17% of expenses). Other salaries and wages came to $186k. At year end it held assets of $757k against liabilities of $94k, net assets of $663k. It reported 15 employees.