Brighter Future Employment Services

Analysis

Brighter Future Employment Services is a registered charity in United States, based in Columbia, SC. It received its IRS tax-exemption ruling in November 2018, 8 years ago. Its declared purposes cover employment, which this site groups under community and economic development. The IRS classifies it as a supporting organisation (type i) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Brighter Future Employment Services reported income of $5.4m and spending of $5.4m, spending 100% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $3.9m to $5.4m (+38%), an average of +11% a year. The sharpest change came in the year to June 2022, when income rose by 29%. Over the whole period it spent 100% of the income it received.

Among 19,475 United States charities whose main cause is community and economic development and that reported income, Brighter Future Employment Services sits at the 93rd percentile: it is larger than about 93% of them. Against every charity in United States with reported income it ranks in the 92nd percentile, and in the 94th percentile within SC. Charities of a similar size with the same main cause include Tempe Community Action Agency Inc ($5.4m), Olana Partnership ($5.4m) and South Bend Heritage Foundation Inc ($5.4m).

On its Form 990 for the period ending June 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $249k (4.6% of expenses). Other salaries and wages came to $4.1m. At year end it held assets of $927k against liabilities of $830k, net assets of $97k. It reported 133 employees.