Brighter Way Institute
| Fiscal year | Revenue | Expenses | Net | Reserve mo. | Staff % |
|---|---|---|---|---|---|
| 2016 | 3,112,075 | 1,548,674 | 1,563,401 | 12.1 | 44% |
| 2017 | 5,295,842 | 4,269,007 | 1,026,835 | 7.3 | 57% |
| 2018 | 6,276,659 | 6,526,593 | −249,934 | 1.8 | 54% |
| 2019 | 9,224,346 | 6,771,397 | 2,452,949 | 6.0 | 45% |
| 2020 | 2,129,511 | 2,914,038 | −784,527 | 10.8 | 55% |
| 2021 | 3,638,688 | 3,392,420 | 246,268 | 10.2 | 46% |
| 2022 | 3,179,031 | 4,166,503 | −987,472 | 5.4 | 43% |
| 2023 | 3,898,286 | 4,768,835 | −870,549 | 2.6 | 55% |
In its most recent public year (2023), this organization spent $870,549 more than it brought in. Its reserves stood at about 2.6 months of spending, down from 12.1 in 2016. Staff pay was 55% of spending. $166,548 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
Brighter Way Institute'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