Brighter Future for Youth

Analysis

Brighter Future for Youth is a registered charity in United States, based in Dayton, OH. It received its IRS tax-exemption ruling in March 2021, 5 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, Brighter Future for Youth reported income of $461k and spending of $322k, leaving 30% of income unspent that year. Across the 3 years on record, from December 2021 to December 2023, income grew from $394k to $461k (+17%), an average of +8.2% a year. The sharpest change came in the year to December 2022, when income rose by 147%. Over the whole period it spent 91% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brighter Future for Youth sits at the 63rd percentile: it is larger than about 63% of them. Against every charity in United States with reported income it ranks in the 69th percentile, and in the 69th percentile within OH. Charities of a similar size with the same main cause include Unforgettables Foundation ($461k), True Connections Community Programs ($461k) and Roxies Elderly Homes ($461k).

On its Form 990 for the period ending December 2023, revenue came from program service revenue 100% of the total. Compensation of current officers, directors and key employees was $72k (22% of expenses). Other salaries and wages came to $36k. At year end it held assets of $66k against liabilities of $0, net assets of $66k. It reported 15 employees.