Bright Futures Early Childhood Center Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 48,232 | 63,101 | −14,869 | -2.2 | 0% |
| 2021 | 5,086 | 99,161 | −94,075 | -12.8 | 0% |
| 2022 | 0 | 61,796 | −61,796 | -32.6 | 0% |
In its most recent public year (2022), this organization spent $61,796 more than it brought in. Its liabilities exceeded its net assets — reserves were below zero (-32.6 months), down from -2.2 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 2022. 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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