Brighthouse Scholar Connections Inc

Analysis

Brighthouse Scholar Connections Inc is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in March 2022, 4 years ago. Its declared purposes cover education, which this site groups under education and training. 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, Brighthouse Scholar Connections Inc reported income of $230k and spending of $155k, leaving 32% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income fell from $258k to $230k (-11%), an average of -11% a year. Over the whole period it spent 36% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Brighthouse Scholar Connections Inc sits at the 57th percentile: it is larger than about 57% of them. Against every charity in United States with reported income it ranks in the 57th percentile, and in the 55th percentile within NC. Charities of a similar size with the same main cause include Governer Mifflin Education Foundation ($230k), International Womens Coffee Alliance Inc ($230k) and Leavenworth Public Schools Education Foundation ($230k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $366k against liabilities of $58k, net assets of $308k.