Start Bright Inc

Analysis

Start Bright Inc is a registered charity in United States, based in Hiram, GA. It received its IRS tax-exemption ruling in May 2020, 6 years ago. 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 2021, Start Bright Inc reported income of $671k and spending of $711k, spending 106% of what it took in. Across the 2 years on record, from December 2020 to December 2021, income grew from $267k to $671k (+151%), an average of +151% a year. The sharpest change came in the year to December 2021, when income rose by 151%. Over the whole period it spent 99% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Start Bright Inc sits at the 73rd percentile: it is larger than about 72% of them. Against every charity in United States with reported income it ranks in the 74th percentile, and in the 78th percentile within GA. Charities of a similar size with the same main cause include Mission Doctors Association ($671k), Colorado Music Educators Association ($671k) and Kalamazoo Gay-Lesbian Resource Center ($671k).

On its Form 990 for the period ending December 2021, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $395k. At year end it held assets of $33k against liabilities of $11k, net assets of $22k.