Bright Beginnings Preschool

Analysis

Bright Beginnings Preschool is a registered charity in United States, based in Colville, WA. It received its IRS tax-exemption ruling in November 1976, 50 years ago. 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 July 2024, Bright Beginnings Preschool reported income of $72k and spending of $84k, spending 117% of what it took in. Across the 2 years on record, from July 2023 to July 2024, income fell from $80k to $72k (-9.6%), an average of -9.6% a year. Over the whole period it spent 111% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Bright Beginnings Preschool sits at the 28th percentile: it is larger than about 28% of them. Against every charity in United States with reported income it ranks in the 28th percentile, and in the 23rd percentile within WA. Charities of a similar size with the same main cause include Monaca Public Library ($72k), Exchange Club Ctr for the Prevnt of Child Abuse of the Space Coast Inc ($72k) and Iglesia Cristiana Gracia Sublime ($72k).

On its Form 990-EZ for the period ending July 2024, revenue came from contributions and grants 0.6% and program service revenue 91% of the total. At year end it held assets of $71k against liabilities of $831, net assets of $71k.