Brighter Financial Futures Inc Pennsylvania Council of Financial

Analysis

Brighter Financial Futures Inc Pennsylvania Council of Financial is a registered charity in United States, based in Winfield, PA. It received its IRS tax-exemption ruling in March 2018, 8 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 August 2023, Brighter Financial Futures Inc Pennsylvania Council of Financial reported income of $236k and spending of $246k, spending 104% of its income. Across the 3 years on record, from August 2021 to August 2023, income grew from $208k to $236k (+13%), an average of +6.5% a year. The sharpest change came in the year to August 2022, when income rose by 18%. Over the whole period it spent 81% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brighter Financial Futures Inc Pennsylvania Council of Financial sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within PA. Charities of a similar size with the same main cause include United Neighborhood Organization ($236k), Oceanic Free Library Association ($236k) and Saint Francis Prayer Center Inc ($236k).

On its Form 990 for the period ending August 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $111k (45% of expenses). Other salaries and wages came to $552. At year end it held assets of $250k against liabilities of $3,042, net assets of $247k.