Brighter Tomorrows Inc
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2020 | 2,332,529 | 2,429,324 | −96,795 | 4.3 | 6% |
| 2021 | 2,706,178 | 2,579,786 | 126,392 | 4.6 | 60% |
| 2022 | 2,610,702 | 2,875,941 | −265,239 | 3.0 | 55% |
In its most recent public year (2022), this organization spent $265,239 more than it brought in. Its reserves stood at about 3 months of spending, down from 4.3 in 2020. Staff pay was 55% of spending. $1,063 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 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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