Brightspark Early Learning Services

Analysis

Brightspark Early Learning Services is a registered charity in United States, based in Renton, WA. It received its IRS tax-exemption ruling in March 1990, 36 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Brightspark Early Learning Services reported income of $26.4m and spending of $26.8m, spending 101% of its income. Across the 4 years on record, from June 2020 to June 2023, income grew from $14.2m to $26.4m (+87%), an average of +23% a year. The sharpest change came in the year to June 2021, when income rose by 81%. Over the whole period it spent 100% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brightspark Early Learning Services sits at the 98th percentile: it is larger than about 98% of them. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within WA. Charities of a similar size with the same main cause include Young Mens Christian Association of Central Massachusetts ($26.4m), Southeast Texas Food Bank ($26.4m) and Living Alternatives for the Developmentally Disabled Inc ($26.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 98% and program service revenue 1.6% of the total. Compensation of current officers, directors and key employees was $393k (1.5% of expenses). Other salaries and wages came to $8.5m. At year end it held assets of $6.2m against liabilities of $1.7m, net assets of $4.5m. It reported 172 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.