Brightside Project Inc

Analysis

Brightside Project Inc is a registered charity in United States, based in Salem, OH. It received its IRS tax-exemption ruling in May 2017, 9 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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, Brightside Project Inc reported income of $1.1m and spending of $604k, leaving 46% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $193k to $1.1m (+479%), an average of +141% a year. The sharpest change came in the year to December 2023, when income rose by 214%. Over the whole period it spent 67% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Brightside Project 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 80th percentile, and in the 81st percentile within OH. Charities of a similar size with the same main cause include Whatcom Family & Community Network ($1.1m), Boys and Girls Club of Carlsbad Incorporated ($1.1m) and Global Gardens ($1.1m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 96% and program service revenue 2.5% of the total. Other salaries and wages came to $138k. At year end it held assets of $686k against liabilities of $12k, net assets of $674k. It reported 3 employees.