Consistent 0% officer compensation across all filings.
Significant revenue growth, especially in 2022 and 2023.
Substantial asset growth, from $187,491 in 2021 to $2,837,900 in 2023.
Expenses consistently much lower than revenue, indicating strong financial management.
Low liabilities relative to assets in recent years (e.g., $581,372 liabilities vs. $2,837,900 assets in 2023).
Spending Breakdown
How Hull Bright Start Inc allocates its funds across programs, administration, and fundraising.
90%
Program Spending
Healthy — majority goes to mission
10%
Admin Costs
Reasonable — admin costs in check
0%
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 Hull Bright Start Inc
Is Hull Bright Start Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hull Bright Start Inc (EIN: 203577581) appears trustworthy. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
Is Hull Bright Start Inc a good charity to donate to?
Hull Bright Start Inc has a Mission Score of 95/100. Revenue: $371K. Assets: $3.1M. Review the full transparency report for detailed spending breakdown and executive compensation analysis.
What is the EIN for Hull Bright Start Inc?
The Employer Identification Number (EIN) for Hull Bright Start Inc is 203577581. 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 Hull Bright Start Inc spend its money?
Hull Bright Start Inc allocates 90% to programs, 10% to administration, and 0% to fundraising. Healthy nonprofits typically spend 75%+ on programs.
How can I verify Hull Bright Start Inc's tax-exempt status?
You can verify Hull Bright Start Inc's tax-exempt status using EIN 203577581 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
Hull Bright Start Inc. demonstrates strong financial health and efficiency, particularly in its recent filings. In 2023, the organization reported revenue of $1,438,165 against expenses of $386,036, indicating a substantial surplus. This trend of revenue significantly exceeding expenses is also evident in 2022, with $1,363,410 in revenue and $341,875 in expenses. The organization's assets have grown dramatically, from $187,491 in 2021 to $2,837,900 in 2023, suggesting effective asset management and financial growth. A key indicator of efficiency is the consistent reporting of 0% officer compensation across all available filings, which points to a volunteer-driven leadership or very low administrative overhead in this area. While specific program, administrative, and fundraising expense breakdowns are not provided in the summary data, the overall low expense ratio relative to revenue suggests a high degree of spending efficiency. The lack of officer compensation also enhances transparency and trust.