Bright Beginnings

Analysis

Bright Beginnings is a registered charity in United States, based in Denver, CO. It received its IRS tax-exemption ruling in April 1997, 29 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 reported income of $1.2m and spending of $2.0m, spending 164% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income fell from $2.4m to $1.2m (-49%), an average of -15% a year. The sharpest change came in the year to December 2023, when income dropped by 26%. Over the whole period it spent 94% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Bright Beginnings sits at the 78th percentile: it is larger than about 78% of them. Against every charity in United States with reported income it ranks in the 81st percentile, and in the 80th percentile within CO. Charities of a similar size with the same main cause include Balancedcare Community Services Inc ($1.2m), For the Struggle Inc ($1.2m) and Floc for Love of Children ($1.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 37% and program service revenue 51% of the total. Compensation of current officers, directors and key employees was $337k (17% of expenses). Other salaries and wages came to $461k. At year end it held assets of $4.0m against liabilities of $306k, net assets of $3.7m. It reported 11 employees.