Is Brighter Choice Elementary Charter Schools Legit?
Quick charity verification for Brighter Choice Elementary Charter Schools (EIN: 141830896)
Verdict: Brighter Choice Elementary Charter Schools appears trustworthy
88/100Mission Score
$11.7MRevenue
$23.1MAssets
1Red Flags
5Strengths
Red Flags
Consistent 0% officer compensation reported, which is atypical for an organization with over $13 million in revenue and may warrant further scrutiny regarding how executive compensation is categorized.
Strengths
Strong and consistent revenue growth, more than doubling from $5.3M in 202006 to $13.2M in 202406.
Healthy financial surplus, with revenues consistently exceeding expenses (e.g., $13.2M revenue vs. $10.5M expenses in 202406).
Significant growth in assets, from $10.4M in 202006 to $22.1M in 202406, indicating a solid financial foundation.
High percentage of spending allocated to program services, demonstrating efficiency in mission delivery.
Positive trend in net assets, as asset growth outpaces liability growth.
Spending Breakdown
How Brighter Choice Elementary Charter Schools 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 Brighter Choice Elementary Charter Schools
Is Brighter Choice Elementary Charter Schools a legitimate charity?
Based on AI analysis of IRS 990 filings, Brighter Choice Elementary Charter Schools (EIN: 141830896) appears trustworthy. Mission Score: 88/100. 1 red flag identified, 5 strengths noted.
Is Brighter Choice Elementary Charter Schools a good charity to donate to?
Brighter Choice Elementary Charter Schools has a Mission Score of 88/100. Revenue: $11.7M. Assets: $23.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Brighter Choice Elementary Charter Schools?
The Employer Identification Number (EIN) for Brighter Choice Elementary Charter Schools is 141830896. 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 Brighter Choice Elementary Charter Schools spend its money?
Brighter Choice Elementary Charter Schools allocates 85% to programs, 10% to administration, and 5% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Brighter Choice Elementary Charter Schools's tax-exempt status?
You can verify Brighter Choice Elementary Charter Schools's tax-exempt status using EIN 141830896 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
Brighter Choice Elementary Charter Schools demonstrates consistent financial growth and strong program spending. In the latest filing (202406), the organization reported revenues of $13,223,361 against expenses of $10,588,542, indicating a healthy surplus. Over the past five years, revenue has more than doubled from $5,319,765 in 202006 to $13,223,361 in 202406, reflecting significant expansion. The organization consistently allocates a high percentage of its expenses directly to program services, which is a positive indicator of efficiency.
The organization's assets have also grown substantially, from $10,437,244 in 202006 to $22,183,573 in 202406, providing a solid financial foundation. Liabilities have also increased, but at a slower rate than assets, suggesting responsible financial management. The consistent reporting of 0% officer compensation across all filings indicates that the organization's leadership is either unpaid or compensated through other means not categorized as officer compensation, which could be a point for further inquiry regarding transparency, though it often signals a volunteer board or compensation reported under general salaries.