Bright Future Inc

Analysis

Bright Future Inc is a registered charity in United States, based in Artesia, NM. It received its IRS tax-exemption ruling in May 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, Bright Future Inc reported income of $113k and spending of $100k, spending 88% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $122k to $113k (-7.9%), an average of -7.9% a year. Over the whole period it spent 46% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Bright Future Inc sits at the 42nd percentile: it is larger than about 42% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 36th percentile within NM. Charities of a similar size with the same main cause include Afghan Womens Fund ($113k), PTA New York Congress ($113k) and Crown Prince Frederik Fund Inc ($113k).

At year end it held assets of $127k against liabilities of $0, net assets of $127k.