Carrizo Bright Future Learning Inc

Analysis

Carrizo Bright Future Learning Inc is a registered charity in United States, based in Carrizo SPGS, TX. It received its IRS tax-exemption ruling in June 2019, 7 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Carrizo Bright Future Learning Inc reported income of $522k and spending of $322k, leaving 38% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $265k to $522k (+97%), an average of +18% a year. The sharpest change came in the year to December 2021, when income rose by 50%. Over the whole period it spent 74% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Carrizo Bright Future Learning Inc sits at the 77th percentile: it is larger than about 77% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 75th percentile within TX. Charities of a similar size with the same main cause include 318 Foundation Inc ($522k), Students of Service Inc ($522k) and Fundacion Atencion Atencion Inc ($522k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 63% and program service revenue 35% of the total. Compensation of current officers, directors and key employees was $9,149 (2.8% of expenses). Other salaries and wages came to $160k. At year end it held assets of $543k against liabilities of $17k, net assets of $526k. It reported 9 employees.