Brightland Homes Inc

Analysis

Brightland Homes Inc is a registered charity in United States, based in Sterling, VA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Brightland Homes Inc reported income of $878k and spending of $900k, spending 102% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $382k to $878k (+130%), an average of +23% a year. The sharpest change came in the year to December 2021, when income rose by 54%. Over the whole period it spent 99% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Brightland Homes Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 78th percentile within VA. Charities of a similar size with the same main cause include St Sharbels Maronite Housing Corporation ($878k), Community Development Projects Inc ($878k) and South Bay Retirement Residence ($877k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 99% of the total. Compensation of current officers, directors and key employees was $327k (36% of expenses). Other salaries and wages came to $235k. At year end it held assets of $98k against liabilities of $62k, net assets of $36k. It reported 17 employees.