Quick charity verification for Bright Horizons Foster Family Agency (EIN: 203736580)
Verdict: Bright Horizons Foster Family Agency appears trustworthy
95/100Mission Score
$3.0MRevenue
$2.3MAssets
0Red Flags
5Strengths
No red flags identified.
Strengths
Consistent revenue growth, from $1.8M in 2014 to $2.7M in 2023.
Zero reported officer compensation across all 13 filings, indicating high transparency and mission focus.
Healthy asset accumulation, growing from $417,340 in 2014 to $1,315,507 in 2023.
Low liabilities relative to assets, suggesting strong financial solvency.
Positive operating margins in most years, indicating efficient management of expenses.
Spending Breakdown
How Bright Horizons Foster Family Agency allocates its funds across programs, administration, and fundraising.
85%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
5%
Fundraising
Within typical range
How to read this: Well-run charities typically spend 75% or more on programs, keep admin under 25%, and fundraising under 15%. A high program ratio means more of every dollar goes directly to the mission.
How to Interpret This Report
What Red Flags Mean
Red flags are potential warning signs identified by AI analysis of IRS 990 filings. They may indicate issues like declining revenue, high executive pay relative to program spending, lack of transparency, or governance concerns. A single red flag does not necessarily mean an organization is untrustworthy, but multiple flags warrant further investigation before donating.
What Mission Score Measures
The Mission Score (0-100) evaluates how effectively a nonprofit fulfills its stated purpose. It combines multiple factors: program spending efficiency (how much goes to programs vs. overhead), financial health and sustainability, governance quality, transparency in reporting, and consistency of operations over time. A score of 70+ indicates strong alignment with the organization’s mission.
Using This Data for Donation Decisions
Use this report as one input in your decision. Look at the overall Mission Score for a quick assessment, review red flags and strengths for specific concerns, check the spending breakdown to see where money goes, and compare executive compensation to the organization’s size. Consider viewing the full transparency report for deeper analysis, and always verify tax-exempt status with the IRS before making large donations.
Frequently Asked Questions about Bright Horizons Foster Family Agency
Is Bright Horizons Foster Family Agency a legitimate charity?
Based on AI analysis of IRS 990 filings, Bright Horizons Foster Family Agency (EIN: 203736580) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Bright Horizons Foster Family Agency a good charity to donate to?
Bright Horizons Foster Family Agency has a Mission Score of 95/100. Revenue: $3.0M. Assets: $2.3M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Bright Horizons Foster Family Agency?
The Employer Identification Number (EIN) for Bright Horizons Foster Family Agency is 203736580. This is the unique tax ID assigned by the IRS.
What is a Mission Score?
The Mission Score is a 0-100 rating that measures how effectively a nonprofit fulfills its stated mission. It factors in program spending efficiency, financial transparency, governance practices, and outcome reporting. Scores above 70 indicate strong mission alignment, 40-69 suggest mixed performance, and below 40 signals potential concerns.
How does Bright Horizons Foster Family Agency spend its money?
Bright Horizons Foster Family Agency allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Bright Horizons Foster Family Agency's tax-exempt status?
You can verify Bright Horizons Foster Family Agency's tax-exempt status using EIN 203736580 on the IRS Tax Exempt Organization Search (TEOS) at apps.irs.gov/app/eos. You can also request copies of their Form 990 directly from the organization, as they are required by law to provide them upon request.
AI Transparency Report
Bright Horizons Foster Family Agency demonstrates consistent growth in revenue and assets over the past decade, indicating a stable financial trajectory. In the latest reported period (202312), the organization reported revenue of $2,710,976 against expenses of $2,224,880, resulting in a surplus. This trend of operating with a surplus is generally positive, allowing for asset accumulation, which reached $1,315,507 in 2023. The organization's liabilities remain relatively low compared to its assets, suggesting good financial management and solvency.
The organization's spending efficiency appears strong, with a significant portion of its expenses likely directed towards its program services, given the nature of a foster family agency. The consistent reporting of 0% officer compensation across all available filings is a notable indicator of financial transparency and a commitment to directing funds towards the mission rather than executive salaries. This practice significantly enhances its appeal as a responsible steward of resources.
Overall, Bright Horizons Foster Family Agency exhibits robust financial health, efficient spending practices, and a high degree of transparency, particularly concerning executive compensation. Its consistent growth and prudent financial management suggest a well-run organization capable of sustaining its mission.