Brighter Choice Elementary Charter Schools
Brighter Choice Elementary Charter Schools shows strong revenue growth and high program spending efficiency.
EIN: 141830896 · Albany, NY · NTEE: B29 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $11.7M |
| Total Expenses | $10.6M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $13 |
| Net Assets | $9.2M |
| Transparency Score | 88/100 |
Is Brighter Choice Elementary Charter Schools Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brighter Choice Elementary Charter Schools directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brighter Choice Elementary Charter Schools
Brighter Choice Elementary Charter Schools (EIN: 141830896) is a nonprofit organization based in Albany, NY, classified under NTEE code B29. The organization reported total revenue of $11.7M and total assets of $23.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brighter Choice Elementary Charter Schools's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brighter Choice Elementary Charter Schools is a large nonprofit that has been operating for 25 years, with 14 years of IRS 990 filings on record (2011–2024). Revenue has grown at a compound annual rate of 8.9%.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
| Total Revenue | $13.2M |
| Total Expenses | $10.6M |
| Surplus / Deficit | +$2.6M |
| Total Assets | $22.2M |
| Total Liabilities | $13.0M |
| Net Assets | $9.2M |
| Operating Margin | 19.9% |
| Debt-to-Asset Ratio | 58.7% |
| Months of Reserves | 25.1 months |
Financial Health Grade: A
In 2024, Brighter Choice Elementary Charter Schools reported a surplus of $2.6M with revenue exceeding expenses, holds 25.1 months of operating reserves (strong position), has a debt-to-asset ratio of 58.7% (high leverage).
Financial Trends
Over 14 years of filings (2011–2024), Brighter Choice Elementary Charter Schools's revenue has grown at a compound annual growth rate (CAGR) of 8.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2024 | +17.0% | +5.2% | +9.6% |
| 2023 | +3.0% | -1.9% | +1.1% |
| 2022 | +10.6% | +17.1% | +1.8% |
| 2021 | +86.4% | +94.2% | +88.5% |
| 2020 | +0.5% | -5.0% | +10.3% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 2000 |
| IRS Ruling Date | 2001 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Transparency Report
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Brighter Choice Elementary Charter Schools with a Mission Score of 88 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: 10%
- programs: 85%
- fundraising: 5%
According to IRS 990 filings, Brighter Choice Elementary Charter Schools allocates its expenses as follows: admin: 10%, programs: 85%, fundraising: 5%. With 85% directed toward programs, this reflects a strong commitment to its charitable mission.
Key Financial Metrics (2024)
From the most recent IRS 990 filing on record:
- The organization reported a surplus of $2.6M, with revenue exceeding expenses.
- Debt-to-asset ratio: 58.7%.
Executive Compensation Analysis
The IRS 990 filings consistently report 0% officer compensation, suggesting that the organization's top leadership may be volunteer-based or compensated through general salaries rather than specific officer compensation, which is unusual for an organization of this size with over $13 million in revenue.
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.
Red Flags
The following concerns were identified during AI analysis of Brighter Choice Elementary Charter Schools's IRS 990 filings:
- 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
The following positive indicators were identified for Brighter Choice Elementary Charter Schools:
- 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.
Frequently Asked Questions about Brighter Choice Elementary Charter Schools
Is Brighter Choice Elementary Charter Schools a legitimate charity?
Brighter Choice Elementary Charter Schools (EIN: 141830896) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 88/100. It has 14 years of IRS 990 filings on record. Total revenue: $11.7M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Brighter Choice Elementary Charter Schools spend its money?
Brighter Choice Elementary Charter Schools directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Brighter Choice Elementary Charter Schools tax-deductible?
Brighter Choice Elementary Charter Schools is registered as a tax-exempt nonprofit (EIN: 141830896). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brighter Choice Elementary Charter Schools CEO make?
Brighter Choice Elementary Charter Schools's highest-compensated officer earns $13 annually. The organization reported $11.7M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brighter Choice Elementary Charter Schools's spending goes to programs?
Brighter Choice Elementary Charter Schools directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brighter Choice Elementary Charter Schools compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Brighter Choice Elementary Charter Schools is above average for NTEE category B29 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brighter Choice Elementary Charter Schools located?
Brighter Choice Elementary Charter Schools is headquartered in Albany, New York and files with the IRS under EIN 141830896. It is classified under NTEE code B29.
How many years of IRS 990 filings does Brighter Choice Elementary Charter Schools have?
Brighter Choice Elementary Charter Schools has 14 years of IRS 990 filings on record at NonprofitSpending. This extensive filing history provides a strong basis for evaluating long-term financial trends. The most recent filing shows $11.7M in total revenue.
Is Brighter Choice Elementary Charter Schools a good charity?
Based on its financial data, Brighter Choice Elementary Charter Schools appears to be a good charity. It demonstrates strong financial health with consistent revenue growth, a healthy surplus, and a high percentage of expenses dedicated to program services. The significant increase in assets also indicates sound financial management.
How has the organization's revenue grown over time?
The organization has experienced substantial revenue growth, more than doubling from $5,319,765 in 202006 to $13,223,361 in 202406, indicating successful expansion and funding.
What is the trend in the organization's assets and liabilities?
Assets have shown strong growth, increasing from $10,437,244 in 202006 to $22,183,573 in 202406. Liabilities have also increased, from $8,291,860 to $13,016,971 over the same period, but assets have grown at a faster rate, improving the organization's net position.
Why is officer compensation reported as 0%?
The consistent reporting of 0% officer compensation across all filings is unusual for an organization of this size. It could mean that the board members are volunteers, or that executive compensation is reported under general salaries and wages rather than specifically as officer compensation on the 990 form. Further investigation into the detailed compensation schedules would be needed for full clarity.
Filing History
IRS 990 filing history for Brighter Choice Elementary Charter Schools showing financial trends over 14 years of public records:
Over 14 years of IRS 990 filings (2011–2024), Brighter Choice Elementary Charter Schools's revenue has grown by 202.8%, moving from $4.4M to $13.2M. Total assets increased by 145% over the same period, from $9.1M to $22.2M. Total functional expenses rose by 167.8%, from $4.0M to $10.6M. In its most recent filing year (2024), Brighter Choice Elementary Charter Schools reported a surplus of $2.6M, with revenue exceeding expenses. The organization holds $13.0M in liabilities against $22.2M in assets (debt-to-asset ratio: 58.7%), resulting in net assets of $9.2M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2024 | $13.2M | $10.6M | $22.2M | $13.0M | — | — |
| 2023 | $11.3M | $10.1M | $20.2M | $13.7M | — | View 990 |
| 2022 | $11.0M | $10.3M | $20.0M | $14.7M | — | View 990 |
| 2021 | $9.9M | $8.8M | $19.7M | $15.1M | — | — |
| 2020 | $5.3M | $4.5M | $10.4M | $8.3M | — | View 990 |
| 2019 | $5.3M | $4.8M | $9.5M | $8.1M | — | View 990 |
| 2018 | $5.2M | $4.7M | $9.0M | $8.2M | — | View 990 |
| 2017 | $5.0M | $4.4M | $8.5M | $8.2M | — | View 990 |
| 2016 | $4.5M | $4.0M | $8.0M | $8.3M | — | View 990 |
| 2015 | $4.2M | $4.1M | $8.3M | $9.2M | — | View 990 |
| 2014 | $4.3M | $4.4M | $8.5M | $9.3M | — | View 990 |
| 2013 | $4.5M | $4.6M | $8.8M | $9.5M | — | View 990 |
| 2012 | $4.5M | $4.4M | $8.7M | $9.4M | — | View 990 |
| 2011 | $4.4M | $4.0M | $9.1M | $9.8M | — | View 990 |
Year-by-Year Financial Summary
- 2024: Revenue of $13.2M, expenses of $10.6M, and assets of $22.2M (revenue +17.0% year-over-year).
- 2023: Revenue of $11.3M, expenses of $10.1M, and assets of $20.2M (revenue +3.0% year-over-year).
- 2022: Revenue of $11.0M, expenses of $10.3M, and assets of $20.0M (revenue +10.6% year-over-year).
- 2021: Revenue of $9.9M, expenses of $8.8M, and assets of $19.7M (revenue +86.4% year-over-year).
- 2020: Revenue of $5.3M, expenses of $4.5M, and assets of $10.4M (revenue +0.5% year-over-year).
- 2019: Revenue of $5.3M, expenses of $4.8M, and assets of $9.5M (revenue +1.0% year-over-year).
- 2018: Revenue of $5.2M, expenses of $4.7M, and assets of $9.0M (revenue +4.4% year-over-year).
- 2017: Revenue of $5.0M, expenses of $4.4M, and assets of $8.5M (revenue +11.4% year-over-year).
- 2016: Revenue of $4.5M, expenses of $4.0M, and assets of $8.0M (revenue +7.7% year-over-year).
- 2015: Revenue of $4.2M, expenses of $4.1M, and assets of $8.3M (revenue -3.5% year-over-year).
- 2014: Revenue of $4.3M, expenses of $4.4M, and assets of $8.5M (revenue -4.1% year-over-year).
- 2013: Revenue of $4.5M, expenses of $4.6M, and assets of $8.8M (revenue -0.5% year-over-year).
- 2012: Revenue of $4.5M, expenses of $4.4M, and assets of $8.7M (revenue +4.1% year-over-year).
- 2011: Revenue of $4.4M, expenses of $4.0M, and assets of $9.1M.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brighter Choice Elementary Charter Schools:
Data Sources and Methodology
This transparency report for Brighter Choice Elementary Charter Schools 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.