Bright Promises Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 257,100 | 343,508 | −86,408 | 107.6 | 0% |
| 2012 | 519,023 | 503,559 | 15,464 | 72.5 | 5% |
| 2013 | 476,531 | 393,412 | 83,119 | 101.4 | 8% |
| 2014 | 1,681,103 | 520,460 | 1,160,643 | 104.7 | 6% |
| 2015 | 725,489 | 592,382 | 133,107 | 84.4 | 9% |
| 2016 | 278,033 | 582,389 | −304,356 | 82.6 | 7% |
| 2017 | 536,089 | 692,818 | −156,729 | 74.3 | 9% |
| 2018 | 624,056 | 566,940 | 57,116 | 86.7 | 12% |
| 2019 | 681,897 | 764,846 | −82,949 | 71.2 | 10% |
| 2020 | 576,330 | 558,095 | 18,235 | 114.6 | 14% |
| 2021 | 675,896 | 766,507 | −90,611 | 87.2 | 11% |
| 2022 | 1,137,076 | 768,019 | 369,057 | 72.6 | 21% |
| 2023 | 1,465,878 | 980,501 | 485,377 | 74.2 | 25% |
In its most recent public year (2023), this organization brought in $485,377 more than it spent. Its reserves stood at about 74.2 months of spending, down from 107.6 in 2011. Staff pay was 25% of spending. $1,550,342 of its net assets are donor-restricted.
Reserve months = net assets ÷ average monthly spending; net assets count everything the organization owns beyond its debts — buildings and donor-restricted funds included, not just cash. Staff pay = salaries, wages, and officer compensation; it excludes benefits and payroll taxes. The IRS releases this data years after the fact — this organization's newest public year is 2023. Years refer to the calendar year in which the organization's fiscal year ended. Short-form filers do not publicly report donor-restricted balances or staffing costs. Source filings
Bright Promises Foundation's IRS filings as a feed — one entry per filing year, through 2023. Add the address to any feed reader; in Slack, send /feed subscribe with it (pasting the link alone won't subscribe). How this feed works