Brightest Employment Services Inc

Analysis

Brightest Employment Services Inc is a registered charity in United States, based in Clearwater, FL. 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 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 2022, Brightest Employment Services Inc reported income of $532k and spending of $592k, spending 111% of what it took in. Across the 3 years on record, from December 2020 to December 2022, income grew from $232k to $532k (+129%), an average of +51% a year. The sharpest change came in the year to December 2021, when income rose by 96%. 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, Brightest Employment Services Inc sits at the 68th percentile: it is larger than about 68% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 74th percentile within FL. Charities of a similar size with the same main cause include Business Education Coordinating Council ($531k), Hosanna Institute of the Sahel Inc ($532k) and Synergist Inc ($531k).

On its Form 990 for the period ending December 2022, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $78k (13% of expenses). Other salaries and wages came to $134k. At year end it held assets of $64k against liabilities of $22k, net assets of $42k. It reported 36 employees.