Team Bright Side Inc

Analysis

Team Bright Side Inc is a registered charity in United States, based in Skokie, IL. It received its IRS tax-exemption ruling in June 2017, 9 years ago. Its declared purposes cover medical research, which this site groups under health and saving lives. 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, Team Bright Side Inc reported income of $369k and spending of $453k, spending 123% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $370k to $369k (-0.2%), an average of +-0.0% a year. The sharpest change came in the year to December 2021, when income rose by 298%. Over the whole period it spent 102% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Team Bright Side Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 65th percentile, and in the 65th percentile within IL. Charities of a similar size with the same main cause include Mission Heart Inc ($369k), Savanna Community Ambulance Association ($369k) and Northern Virginia Resource Center for Deaf & Hard of Hearing Persons ($369k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 98% of the total. Compensation of current officers, directors and key employees was $27k (6.0% of expenses). At year end it held assets of $401k against liabilities of $0, net assets of $401k.