Bright Rising Studio Inc

Analysis

Bright Rising Studio Inc is a registered charity in United States, based in Waukesha, WI. It received its IRS tax-exemption ruling in February 2018, 8 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending May 2024, Bright Rising Studio Inc reported income of $68k and spending of $78k, spending 114% of what it took in. Across the 2 years on record, from May 2023 to May 2024, income fell from $96k to $68k (-29%), an average of -29% a year. The sharpest change came in the year to May 2024, when income dropped by 29%. Over the whole period it spent 99% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bright Rising Studio Inc sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 27th percentile, and in the 24th percentile within WI. Charities of a similar size with the same main cause include Spanish Peaks International Celtic Music Festival Inc ($68k), Sheboygan County Aviation Corp ($68k) and Miniature Museum of Greater St Louis ($68k).

On its Form 990-EZ for the period ending May 2024, revenue came from program service revenue 100% of the total. At year end it held assets of $28k against liabilities of $20k, net assets of $8,608.