Bright Spot Network

Analysis

Bright Spot Network is a registered charity in United States, based in Alameda, CA. It received its IRS tax-exemption ruling in October 2019, 7 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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, Bright Spot Network reported income of $535k and spending of $607k, spending 114% of what it took in. Across the 2 years on record, from December 2022 to December 2023, income grew from $386k to $535k (+38%), an average of +38% a year. The sharpest change came in the year to December 2023, when income rose by 38%. Over the whole period it spent 111% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Bright Spot Network sits at the 56th percentile: it is larger than about 56% of them. Against every charity in United States with reported income it ranks in the 71st percentile, and in the 73rd percentile within CA. Charities of a similar size with the same main cause include International Eosinophil Society Inc ($535k), Renaissance Cancer Foundation ($535k) and Kadima Nonprofit Housing Corporation ($535k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Compensation of current officers, directors and key employees was $114k (19% of expenses). Other salaries and wages came to $60k. It paid $19k in professional fundraising fees. At year end it held assets of $67k against liabilities of $26k, net assets of $41k. It reported 2 employees.