Bright Promise
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2011 | 734,537 | 310,178 | 424,359 | 16.8 | 23% |
| 2012 | 540,369 | 239,232 | 301,137 | 37.4 | 15% |
| 2013 | 700,796 | 348,184 | 352,612 | 37.9 | 22% |
| 2014 | 260,299 | 247,206 | 13,093 | 54.6 | 30% |
| 2015 | 881,077 | 316,760 | 564,317 | 62.7 | 24% |
| 2016 | 231,426 | 372,993 | −141,567 | 47.0 | 23% |
| 2017 | 606,672 | 386,132 | 220,540 | 56.7 | 21% |
| 2018 | 337,894 | 447,237 | −109,343 | 46.6 | 25% |
| 2019 | 234,469 | 359,737 | −125,268 | 54.9 | 12% |
| 2020 | 282,099 | 393,861 | −111,762 | 43.8 | 23% |
| 2021 | 365,105 | 418,774 | −53,669 | 48.3 | 21% |
| 2022 | 648,865 | 515,041 | 133,824 | 35.8 | 19% |
| 2023 | 1,362,302 | 688,529 | 673,773 | 38.0 | 22% |
In its most recent public year (2023), this organization brought in $673,773 more than it spent. Its reserves stood at about 38 months of spending, up from 16.8 in 2011. Staff pay was 22% of spending. $268,489 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
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