Bright Beginnings Family Childcare Inc

Analysis

Bright Beginnings Family Childcare Inc is a registered charity in United States, based in South Bend, IN. It received its IRS tax-exemption ruling in May 2018, 8 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Bright Beginnings Family Childcare Inc reported income of $1.4m and spending of $1.3m, spending 99% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $373k to $1.4m (+262%), an average of +38% a year. The sharpest change came in the year to December 2021, when income rose by 125%. Over the whole period it spent 86% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bright Beginnings Family Childcare Inc sits at the 79th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 82nd percentile, and in the 83rd percentile within IN. Charities of a similar size with the same main cause include Educating Students Together Inc ($1.4m), Farm Training Collective NYC Inc ($1.4m) and Sophia Academy ($1.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 1.6% and program service revenue 98% of the total. Compensation of current officers, directors and key employees was $51k (3.8% of expenses). Other salaries and wages came to $602k. It paid $10k in professional fundraising fees. At year end it held assets of $439k against liabilities of $0, net assets of $439k. It reported 59 employees.