Bright Hope Inc

Analysis

Bright Hope Inc is a registered charity in United States, based in Shelbyville, KY. It received its IRS tax-exemption ruling in October 2021, 5 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a school under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending December 2023, Bright Hope Inc reported income of $187k and spending of $188k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $150k to $187k (+25%), an average of +25% a year. The sharpest change came in the year to December 2023, when income rose by 25%. Over the whole period it spent 82% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bright Hope Inc sits at the 53rd percentile: it is larger than about 53% of them. Against every charity in United States with reported income it ranks in the 52nd percentile, and in the 52nd percentile within KY. Charities of a similar size with the same main cause include Ebell Society of the Santa Ana Valley ($187k), Actschools Inc ($187k) and Friends of Kmma-Caiths ($187k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 77% of the total. At year end it held assets of $72k against liabilities of $0, net assets of $72k.