A Bright Future Inc

Analysis

A Bright Future Inc is a registered charity in United States, based in Boston, MA. It received its IRS tax-exemption ruling in August 2019, 7 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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, A Bright Future Inc reported income of $173k and spending of $157k, spending 91% of its income. Across the 3 years on record, from December 2020 to December 2023, income grew from $194 to $173k (+88901%), an average of +2883% a year. The sharpest change came in the year to December 2022, when income rose by 85099%. Over the whole period it spent 84% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, A Bright Future Inc sits at the 64th percentile: it is larger than about 64% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 55th percentile within MA. Charities of a similar size with the same main cause include Brighton Snowmobile Club ($173k), Papillion Lavista Youth Athletics Association Inc ($173k) and Vail Volleyball Club ($173k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $152k against liabilities of $0, net assets of $152k.