Bright Funds Foundation
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 70,147,390 | 62,862,652 | 7,284,738 | 4.4 | 0% |
| 2021 | 59,277,249 | 61,178,901 | −1,901,652 | 4.5 | 0% |
| 2022 | 69,853,050 | 68,290,248 | 1,562,802 | 4.3 | 0% |
| 2023 | 85,703,644 | 83,907,973 | 1,795,671 | 2.1 | 0% |
In its most recent public year (2023), this organization brought in $1,795,671 more than it spent. Its reserves stood at about 2.1 months of spending, down from 4.4 in 2020. Staff pay was 0% of spending.
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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