Bright Futures Cambodia

Analysis

Bright Futures Cambodia is a registered charity in United States, based in Newcastle, WA. It received its IRS tax-exemption ruling in July 2021, 5 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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, Bright Futures Cambodia reported income of $84k and spending of $84k, spending 100% of its income. Across the 2 years on record, from December 2022 to December 2023, income grew from $51k to $84k (+65%), an average of +65% a year. The sharpest change came in the year to December 2023, when income rose by 65%. Over the whole period it spent 98% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Bright Futures Cambodia sits at the 29th percentile: it is larger than about 29% of them. Against every charity in United States with reported income it ranks in the 32nd percentile, and in the 27th percentile within WA. Charities of a similar size with the same main cause include Mapendo Inc ($84k), Qoqnoos - Phoenix Project Incorporated ($84k) and Wsu International Development ($84k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. Other salaries and wages came to $250. At year end it held assets of $3,333 against liabilities of $307, net assets of $3,026.