Bright Beginnings Learning Academy

Analysis

Bright Beginnings Learning Academy is a registered charity in United States, based in Texarkana, TX. It received its IRS tax-exemption ruling in April 2022, 4 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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, Bright Beginnings Learning Academy reported income of $90k and spending of $90k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $161k to $90k (-44%), an average of -44% a year. The sharpest change came in the year to December 2023, when income dropped by 44%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bright Beginnings Learning Academy sits at the 30th percentile: it is larger than about 30% of them. Against every charity in United States with reported income it ranks in the 34th percentile, and in the 36th percentile within TX. Charities of a similar size with the same main cause include Ibew Local 134 Helping Hand Charitable Trust ($90k), Children of Jamaica Outreach ($90k) and Southwest Florida Gwi Housing IX Inc ($90k).

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 $760 against liabilities of $0, net assets of $760.