Bright Tomorrows Inc

Analysis

Bright Tomorrows Inc is a registered charity in United States, based in Pocatello, ID. It received its IRS tax-exemption ruling in October 1986, 40 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 June 2023, Bright Tomorrows Inc reported income of $316k and spending of $367k, spending 116% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income fell from $567k to $316k (-44%), an average of -14% a year. The sharpest change came in the year to June 2023, when income dropped by 20%. Over the whole period it spent 100% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bright Tomorrows Inc sits at the 61st percentile: it is larger than about 61% of them. Against every charity in United States with reported income it ranks in the 63rd percentile, and in the 66th percentile within ID. Charities of a similar size with the same main cause include Hawaii Potters Guild ($316k), Royal Palm Sailing Club Inc ($316k) and H O a Incorporated of Austin County ($316k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 15% and program service revenue 73% of the total. Compensation of current officers, directors and key employees was $76k (21% of expenses). Other salaries and wages came to $177k. At year end it held assets of $722k against liabilities of $17k, net assets of $705k. It reported 8 employees.