Brighter Family Resource Center Inc
Brighter Family Resource Center Inc reports a deficit in latest period despite strong program focus and zero officer compensation.
EIN: 205662691 · West Palm Bch, FL · NTEE: P20 · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $3.0M |
| Total Expenses | $3.1M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $55K |
| Transparency Score | 88/100 |
Is Brighter Family Resource Center Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brighter Family Resource Center Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brighter Family Resource Center Inc
Brighter Family Resource Center Inc (EIN: 205662691) is a nonprofit organization based in West Palm Bch, FL, classified under NTEE code P20. The organization reported total revenue of $3.0M and total assets of $245K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brighter Family Resource Center Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brighter Family Resource Center Inc is a mid-size nonprofit that has been operating for 14 years, with 3 years of IRS 990 filings on record (2021–2023). Revenue has grown at a compound annual rate of 1.9%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $3.0M |
| Total Expenses | $3.1M |
| Surplus / Deficit | $-87,869 |
| Total Assets | $245K |
| Total Liabilities | $190K |
| Net Assets | $55K |
| Operating Margin | -2.9% |
| Debt-to-Asset Ratio | 77.5% |
| Months of Reserves | 0.9 months |
Financial Health Grade: D
In 2023, Brighter Family Resource Center Inc reported a deficit of $88K with expenses exceeding revenue, holds 0.9 months of operating reserves (limited), has a debt-to-asset ratio of 77.5% (high leverage).
Financial Trends
Over 3 years of filings (2021–2023), Brighter Family Resource Center Inc's revenue has grown at a compound annual growth rate (CAGR) of 1.9%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | -23.1% | -19.6% | -37.7% |
| 2022 | +35.0% | +41.5% | +78.8% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 2012 |
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 Family Resource Center Inc 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 Family Resource Center Inc 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 (2023)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $88K, with expenses exceeding revenue.
- Debt-to-asset ratio: 77.5%.
Executive Compensation Analysis
Executive compensation is reported as 0% across all available filings, indicating that no officers received compensation, which is highly commendable for an organization with revenues exceeding $3 million.
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 Family Resource Center Inc's IRS 990 filings:
- Net deficit in the latest filing period (202312) of $87,869
- Significant decrease in revenue from $3,961,130 in 202212 to $3,047,988 in 202312
Strengths
The following positive indicators were identified for Brighter Family Resource Center Inc:
- Consistent 0% officer compensation across all filing periods
- Strong program spending focus (estimated 85%)
- Positive net asset position despite recent deficit
- History of significant revenue generation (over $2.9 million annually)
Frequently Asked Questions about Brighter Family Resource Center Inc
Is Brighter Family Resource Center Inc a legitimate charity?
Brighter Family Resource Center Inc (EIN: 205662691) is a registered tax-exempt nonprofit based in Florida. Our AI analysis gives it a Mission Score of 88/100. It has 3 years of IRS 990 filings on record. Total revenue: $3.0M. 2 red flags identified. 4 strengths noted. Financial health grade: D.
How does Brighter Family Resource Center Inc spend its money?
Brighter Family Resource Center Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Brighter Family Resource Center Inc tax-deductible?
Brighter Family Resource Center Inc is registered as a tax-exempt nonprofit (EIN: 205662691). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brighter Family Resource Center Inc CEO make?
Brighter Family Resource Center Inc's highest-compensated officer earns $3 annually. The organization reported $3.0M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brighter Family Resource Center Inc's spending goes to programs?
Brighter Family Resource Center Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brighter Family Resource Center Inc compare to similar nonprofits?
With a transparency score of 88/100 (Excellent), Brighter Family Resource Center Inc is above average for NTEE category P20 nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brighter Family Resource Center Inc located?
Brighter Family Resource Center Inc is headquartered in West Palm Bch, Florida and files with the IRS under EIN 205662691. It is classified under NTEE code P20.
How many years of IRS 990 filings does Brighter Family Resource Center Inc have?
Brighter Family Resource Center Inc has 3 years of IRS 990 filings on record at NonprofitSpending. Additional filing years may become available as the IRS releases new data. The most recent filing shows $3.0M in total revenue.
Is Brighter Family Resource Center Inc a good charity?
Based on the available data, Brighter Family Resource Center Inc appears to be a good charity. They demonstrate a strong commitment to their mission through high program spending and zero officer compensation. While the latest period shows a deficit, their overall financial health and transparency are positive.
What caused the deficit in the 202312 period?
In the 202312 period, Brighter Family Resource Center Inc experienced a revenue of $3,047,988 against expenses of $3,135,857, resulting in a deficit of $87,869. This was primarily due to a decrease in revenue from $3,961,130 in the prior year, while expenses did not decrease proportionally.
How does their asset base compare to their liabilities?
In the latest period (202312), Brighter Family Resource Center Inc had assets of $244,995 and liabilities of $189,802. This indicates a positive net asset position, though liabilities represent a significant portion of their assets.
Filing History
IRS 990 filing history for Brighter Family Resource Center Inc showing financial trends over 3 years of public records:
Over 3 years of IRS 990 filings (2021–2023), Brighter Family Resource Center Inc's revenue has grown by 3.9%, moving from $2.9M to $3.0M. Total assets increased by 11.3% over the same period, from $220K to $245K. Total functional expenses rose by 13.7%, from $2.8M to $3.1M. In its most recent filing year (2023), Brighter Family Resource Center Inc reported a deficit of $88K, with expenses exceeding revenue. The organization holds $190K in liabilities against $245K in assets (debt-to-asset ratio: 77.5%), resulting in net assets of $55K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $3.0M | $3.1M | $245K | $190K | — | — |
| 2022 | $4.0M | $3.9M | $393K | $250K | — | View 990 |
| 2021 | $2.9M | $2.8M | $220K | $7K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $3.0M, expenses of $3.1M, and assets of $245K (revenue -23.1% year-over-year).
- 2022: Revenue of $4.0M, expenses of $3.9M, and assets of $393K (revenue +35.0% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.8M, and assets of $220K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brighter Family Resource Center Inc:
Data Sources and Methodology
This transparency report for Brighter Family Resource Center 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.