Our Bright Future Inc

Analysis

Our Bright Future Inc is a registered charity in United States, based in Southbridge, MA. It received its IRS tax-exemption ruling in October 2016, 10 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, Our Bright Future Inc reported income of $405k and spending of $388k, spending 96% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $276k to $405k (+47%), an average of +47% a year. The sharpest change came in the year to December 2023, when income rose by 47%. Over the whole period it spent 94% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Our Bright Future Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within MA. Charities of a similar size with the same main cause include Girls on the Run of Buffalo Inc ($405k), Actup Theater Inc ($406k) and Aerox Foundation ($405k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 94% and program service revenue 3.3% of the total. Compensation of current officers, directors and key employees was $89k (23% of expenses). Other salaries and wages came to $136k. At year end it held assets of $80k against liabilities of $11k, net assets of $68k. It reported 16 employees.