Brighter Horizon

Analysis

Brighter Horizon is a registered charity in United States, based in Philadelphia, PA. It received its IRS tax-exemption ruling in May 2019, 7 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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, Brighter Horizon reported income of $527k and spending of $469k, spending 89% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $262k to $527k (+101%), an average of +19% a year. The sharpest change came in the year to December 2021, when income rose by 45%. Over the whole period it spent 69% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brighter Horizon sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 69th percentile within PA. Charities of a similar size with the same main cause include Ramsdell Regional Center for the Arts ($527k), National Christian Charitable Foundation Inc ($527k) and United Way of Galveston Inc ($527k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 108% of the total. At year end it held assets of $853k against liabilities of $25k, net assets of $828k.