Bright Futures
Bright Futures demonstrates strong financial growth and zero reported officer compensation across all filings.
EIN: 202169766 · Telluride, CO · NTEE: P193 · Updated: 2026-03-28
Is Bright Futures Legit?
Appears Legitimate
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Bright Futures directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Bright Futures
Bright Futures (EIN: 202169766) is a nonprofit organization based in Telluride, CO, classified under NTEE code P193. The organization reported total revenue of $2.6M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Bright Futures's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Bright Futures with a Mission Score of 92 out of 100 (Excellent). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Spending Breakdown
- admin: 7%
- programs: 90%
- fundraising: 3%
According to IRS 990 filings, Bright Futures allocates its expenses as follows: admin: 7%, programs: 90%, fundraising: 3%. With 90% directed toward programs, this reflects a strong commitment to its charitable mission.
Executive Compensation Analysis
Bright Futures consistently reports 0% officer compensation across all 13 available filings, indicating that no compensation was paid to officers or that it was negligible. This is highly unusual and commendable for an organization with revenues exceeding $2.5 million, suggesting a strong commitment to directing funds towards its mission rather than executive salaries.
Executive compensation data is sourced from IRS 990 filings, which require nonprofits to disclose the compensation of officers, directors, trustees, and key employees. NonprofitSpending analyzes this data relative to the organization's total revenue and sector benchmarks to assess whether executive pay is reasonable.
Strengths
The following positive indicators were identified for Bright Futures:
- Consistent 0% officer compensation reported across all filings, indicating high efficiency and mission focus.
- Strong and consistent revenue growth, from $383,395 in 201406 to $2,535,134 in 202306.
- Healthy asset-to-liability ratio, with $1,290,369 in assets against $384,568 in liabilities in 202306.
- Positive net income in most recent periods (e.g., $173,081 surplus in 202306), demonstrating sound financial management.
- Long filing history (13 filings) indicating sustained operation and transparency.
Frequently Asked Questions about Bright Futures
Is Bright Futures a legitimate charity?
Based on AI analysis of IRS 990 filings, Bright Futures (EIN: 202169766) appears legitimate. Mission Score: 92/100. 0 red flags identified, 5 strengths noted.
How does Bright Futures spend its money?
Bright Futures directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Bright Futures tax-deductible?
Bright Futures is registered as a tax-exempt nonprofit (EIN: 202169766). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Bright Futures a good charity?
Based on the provided IRS 990 data, Bright Futures appears to be a very good charity. It demonstrates strong financial health, consistent revenue growth, and a remarkable commitment to its mission by reporting 0% officer compensation across all filings, suggesting efficient use of donor funds.
How has Bright Futures' revenue grown over time?
Bright Futures has shown significant revenue growth, increasing from $383,395 in 201406 to $2,535,134 in 202306. This represents a substantial increase, particularly in recent years, indicating growing support and capacity.
What is Bright Futures' financial stability?
Bright Futures exhibits strong financial stability. In 202306, it held $1,290,369 in assets against $384,568 in liabilities, maintaining a healthy net asset position. The organization has consistently grown its assets over the past decade.
Does Bright Futures pay its executives?
According to all available IRS 990 filings from 201406 to 202306, Bright Futures consistently reported 0% officer compensation, indicating that no compensation was paid to its officers.
Filing History
IRS 990 filing history for Bright Futures showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Bright Futures's revenue has grown by 615.8%, moving from $354K to $2.5M. Total assets increased by 608.6% over the same period, from $182K to $1.3M. Total functional expenses rose by 669.7%, from $307K to $2.4M. In its most recent filing year (2023), Bright Futures reported a surplus of $173K, with revenue exceeding expenses. The organization holds $385K in liabilities against $1.3M in assets (debt-to-asset ratio: 29.8%), resulting in net assets of $906K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $2.5M | $2.4M | $1.3M | $385K | — | View 990 |
| 2022 | $1.9M | $1.9M | $881K | $148K | — | View 990 |
| 2021 | $1.8M | $1.9M | $886K | $164K | — | View 990 |
| 2020 | $1.3M | $1.6M | $943K | $79K | — | View 990 |
| 2019 | $1.8M | $1.2M | $1.3M | $75K | — | View 990 |
| 2018 | $650K | $574K | $380K | $19K | — | View 990 |
| 2017 | $389K | $389K | $244K | $158K | — | View 990 |
| 2016 | $407K | $407K | $160K | $39K | — | View 990 |
| 2015 | $433K | $437K | $213K | $92K | — | View 990 |
| 2014 | $383K | $377K | $212K | $30K | — | View 990 |
| 2013 | $386K | $397K | $204K | $28K | — | View 990 |
| 2012 | $362K | $362K | $190K | $0 | — | View 990 |
| 2011 | $354K | $307K | $182K | $375 | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.5M, expenses of $2.4M, and assets of $1.3M (revenue +30.8% year-over-year).
- 2022: Revenue of $1.9M, expenses of $1.9M, and assets of $881K (revenue +7.5% year-over-year).
- 2021: Revenue of $1.8M, expenses of $1.9M, and assets of $886K (revenue +42.4% year-over-year).
- 2020: Revenue of $1.3M, expenses of $1.6M, and assets of $943K (revenue -29.3% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.2M, and assets of $1.3M (revenue +175.8% year-over-year).
- 2018: Revenue of $650K, expenses of $574K, and assets of $380K (revenue +66.8% year-over-year).
- 2017: Revenue of $389K, expenses of $389K, and assets of $244K (revenue -4.4% year-over-year).
- 2016: Revenue of $407K, expenses of $407K, and assets of $160K (revenue -5.9% year-over-year).
- 2015: Revenue of $433K, expenses of $437K, and assets of $213K (revenue +12.9% year-over-year).
- 2014: Revenue of $383K, expenses of $377K, and assets of $212K (revenue -0.6% year-over-year).
- 2013: Revenue of $386K, expenses of $397K, and assets of $204K (revenue +6.5% year-over-year).
- 2012: Revenue of $362K, expenses of $362K, and assets of $190K (revenue +2.2% year-over-year).
- 2011: Revenue of $354K, expenses of $307K, and assets of $182K.
Data Sources and Methodology
This transparency report for Bright Futures 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.