Bright Future Inc
EIN: 882138119 · Artesia, NM · NTEE: B82
About Bright Future Inc
Bright Future Inc (EIN: 882138119) is a nonprofit organization based in Artesia, NM, classified under NTEE code B82. The organization reported total revenue of $268K and total assets of $164K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bright Future Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Analysis Pending
AI enrichment for Bright Future Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bright Future Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Filing History
IRS 990 filing history for Bright Future Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2022–2023), Bright Future Inc's revenue has declined by 7.9%, moving from $122K to $113K. Total assets increased by 11.4% over the same period, from $114K to $127K. Total functional expenses rose by 1086.4%, from $8K to $100K. In its most recent filing year (2023), Bright Future Inc reported a surplus of $13K, with revenue exceeding expenses.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $113K | $100K | $127K | $0 | — | — |
| 2022 | $122K | $8K | $114K | $0 | — | View 990 |
Data Sources and Methodology
This transparency report for Bright Future Inc is generated by NonprofitSpending's AI analysis engine. The data is sourced from publicly available IRS 990 filings accessed through the ProPublica Nonprofit Explorer API and IRS electronic filing records. The Mission Score, spending breakdown, and other analytical insights are produced by artificial intelligence and should be used as one of multiple factors when evaluating a nonprofit organization.
IRS 990 forms are annual information returns that most tax-exempt organizations must file with the IRS. These forms provide detailed financial information including revenue, expenses, assets, liabilities, and compensation of officers. NonprofitSpending processes this data to provide accessible transparency reports for donors, researchers, and the general public.
Disclaimer
AI-generated analysis based on IRS public records. Not financial or legal advice. Verify information directly with the organization.