Brighter Futures Foundation

Analysis

Brighter Futures Foundation is a registered charity in United States, based in Villa Park, IL. It received its IRS tax-exemption ruling in September 2019, 7 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Brighter Futures Foundation reported income of $864k and spending of $867k, spending 100% of its income. Across the 4 years on record, from December 2020 to December 2023, income grew from $114k to $864k (+655%), an average of +96% a year. The sharpest change came in the year to December 2022, when income rose by 132%. Over the whole period it spent 92% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brighter Futures Foundation sits at the 74th percentile: it is larger than about 74% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 77th percentile within IL. Charities of a similar size with the same main cause include The Palmetto School at the Childrens Attention Home ($864k), Information Equity Initiative Inc ($864k) and Michigan Integrated Food & Farming Systems ($863k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $124k against liabilities of $0, net assets of $124k.