Brighter Tomorrows Inc
Brighter Tomorrows Inc shows consistent revenue growth and zero reported officer compensation over a decade.
EIN: 112891967 · Shirley, NY · NTEE: L20Z · Updated: 2026-03-28
| Metric | Value |
|---|---|
| Total Revenue | $2.9M |
| Total Expenses | $2.8M |
| Program Spending | 85% |
| CEO/Top Officer Pay | $3 |
| Net Assets | $1.0M |
| Transparency Score | 90/100 |
Is Brighter Tomorrows Inc Legit?
Some Concerns
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
Brighter Tomorrows Inc directs 85% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.
About Brighter Tomorrows Inc
Brighter Tomorrows Inc (EIN: 112891967) is a nonprofit organization based in Shirley, NY, classified under NTEE code L20Z. The organization reported total revenue of $2.9M and total assets of $1.4M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Brighter Tomorrows Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Brighter Tomorrows Inc is a mid-size nonprofit that has been operating for 33 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 8.3%.
Key Financial Metrics (2023)
From the most recent IRS 990 filing on record:
| Total Revenue | $2.9M |
| Total Expenses | $2.8M |
| Surplus / Deficit | +$71K |
| Total Assets | $1.3M |
| Total Liabilities | $315K |
| Net Assets | $1.0M |
| Operating Margin | 2.4% |
| Debt-to-Asset Ratio | 23.4% |
| Months of Reserves | 5.7 months |
Financial Health Grade: A
In 2023, Brighter Tomorrows Inc reported a surplus of $71K with revenue exceeding expenses, holds 5.7 months of operating reserves (adequate), has a debt-to-asset ratio of 23.4% (moderate leverage).
Financial Trends
Over 13 years of filings (2011–2023), Brighter Tomorrows Inc's revenue has grown at a compound annual growth rate (CAGR) of 8.3%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2023 | +6.0% | +11.0% | -12.4% |
| 2022 | -6.5% | +1.5% | +49.6% |
| 2021 | +37.1% | +29.4% | +68.7% |
| 2020 | +20.9% | +6.1% | +47.6% |
| 2019 | +21.1% | +24.1% | +9.0% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1000 |
| IRS Ruling Date | 1993 |
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 Tomorrows Inc with a Mission Score of 90 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 Tomorrows 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 surplus of $71K, with revenue exceeding expenses.
- Debt-to-asset ratio: 23.4%.
Executive Compensation Analysis
Brighter Tomorrows Inc consistently reports 0% officer compensation across all available filings, indicating that no salaries or other compensation were paid to officers, which is highly unusual for an organization of its size with nearly $3 million in annual 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 Tomorrows Inc's IRS 990 filings:
- Unusually low liabilities relative to assets in some years, which could warrant further investigation into asset composition or funding sources.
Strengths
The following positive indicators were identified for Brighter Tomorrows Inc:
- Consistent revenue growth from $1.19M in 2014 to $2.89M in 2023.
- Zero reported officer compensation across all 13 filings, indicating high transparency and dedication of funds to mission.
- Healthy asset growth from $387,231 in 2014 to $1,345,735 in 2023.
- Positive net income in most recent years, demonstrating sound financial management (e.g., $2,889,954 revenue vs. $2,819,392 expenses in 2023).
- Stable financial operations with expenses generally tracking revenue.
Frequently Asked Questions about Brighter Tomorrows Inc
Is Brighter Tomorrows Inc a legitimate charity?
Brighter Tomorrows Inc (EIN: 112891967) is a registered tax-exempt nonprofit based in New York. Our AI analysis gives it a Mission Score of 90/100. It has 13 years of IRS 990 filings on record. Total revenue: $2.9M. 1 red flag identified. 5 strengths noted. Financial health grade: A.
How does Brighter Tomorrows Inc spend its money?
Brighter Tomorrows Inc directs 85% of its spending to programs and services. Fundraising costs 5%. This exceeds the 65% industry benchmark.
Are donations to Brighter Tomorrows Inc tax-deductible?
Brighter Tomorrows Inc is registered as a tax-exempt nonprofit (EIN: 112891967). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
How much does the Brighter Tomorrows Inc CEO make?
Brighter Tomorrows Inc's highest-compensated officer earns $3 annually. The organization reported $2.9M in total revenue. Executive compensation data is disclosed in IRS 990 filings.
What percentage of Brighter Tomorrows Inc's spending goes to programs?
Brighter Tomorrows Inc directs 85% to programs, 5% to fundraising. This exceeds the 65% industry benchmark for efficient nonprofits.
How does Brighter Tomorrows Inc compare to similar nonprofits?
With a transparency score of 90/100 (Excellent), Brighter Tomorrows Inc is above average for NTEE category L20Z nonprofits. The score reflects financial transparency, program spending efficiency, and governance quality based on IRS 990 data.
Where is Brighter Tomorrows Inc located?
Brighter Tomorrows Inc is headquartered in Shirley, New York and files with the IRS under EIN 112891967. It is classified under NTEE code L20Z.
How many years of IRS 990 filings does Brighter Tomorrows Inc have?
Brighter Tomorrows Inc has 13 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 $2.9M in total revenue.
Is Brighter Tomorrows Inc a good charity?
Based on the available financial data, Brighter Tomorrows Inc appears to be a very good charity. It demonstrates strong financial health, consistent growth, and exceptional transparency regarding executive compensation (reporting 0%).
How has Brighter Tomorrows Inc's revenue changed over time?
Brighter Tomorrows Inc has shown significant revenue growth, increasing from $1,191,983 in 2014 to $2,889,954 in 2023, representing a substantial increase over the decade.
What is Brighter Tomorrows Inc's approach to executive compensation?
Brighter Tomorrows Inc consistently reports 0% officer compensation in all available IRS 990 filings, indicating that no compensation is paid to its officers.
Filing History
IRS 990 filing history for Brighter Tomorrows Inc showing financial trends over 13 years of public records:
Over 13 years of IRS 990 filings (2011–2023), Brighter Tomorrows Inc's revenue has grown by 160.1%, moving from $1.1M to $2.9M. Total assets increased by 344.4% over the same period, from $303K to $1.3M. Total functional expenses rose by 141.8%, from $1.2M to $2.8M. In its most recent filing year (2023), Brighter Tomorrows Inc reported a surplus of $71K, with revenue exceeding expenses. The organization holds $315K in liabilities against $1.3M in assets (debt-to-asset ratio: 23.4%), resulting in net assets of $1.0M.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2023 | $2.9M | $2.8M | $1.3M | $315K | — | — |
| 2022 | $2.7M | $2.5M | $1.5M | $577K | — | View 990 |
| 2021 | $2.9M | $2.5M | $1.0M | $254K | — | View 990 |
| 2020 | $2.1M | $1.9M | $609K | $252K | — | View 990 |
| 2019 | $1.8M | $1.8M | $413K | $251K | — | View 990 |
| 2018 | $1.5M | $1.5M | $379K | $156K | — | View 990 |
| 2017 | $1.4M | $1.5M | $406K | $170K | — | View 990 |
| 2016 | $1.4M | $1.4M | $474K | $179K | — | View 990 |
| 2015 | $1.4M | $1.4M | $538K | $250K | — | View 990 |
| 2014 | $1.2M | $1.3M | $387K | $139K | — | View 990 |
| 2013 | $1.0M | $1.1M | $291K | $86K | — | View 990 |
| 2012 | $1.1M | $1.1M | $360K | $131K | — | View 990 |
| 2011 | $1.1M | $1.2M | $303K | $81K | — | View 990 |
Year-by-Year Financial Summary
- 2023: Revenue of $2.9M, expenses of $2.8M, and assets of $1.3M (revenue +6.0% year-over-year).
- 2022: Revenue of $2.7M, expenses of $2.5M, and assets of $1.5M (revenue -6.5% year-over-year).
- 2021: Revenue of $2.9M, expenses of $2.5M, and assets of $1.0M (revenue +37.1% year-over-year).
- 2020: Revenue of $2.1M, expenses of $1.9M, and assets of $609K (revenue +20.9% year-over-year).
- 2019: Revenue of $1.8M, expenses of $1.8M, and assets of $413K (revenue +21.1% year-over-year).
- 2018: Revenue of $1.5M, expenses of $1.5M, and assets of $379K (revenue +0.8% year-over-year).
- 2017: Revenue of $1.4M, expenses of $1.5M, and assets of $406K (revenue +3.3% year-over-year).
- 2016: Revenue of $1.4M, expenses of $1.4M, and assets of $474K (revenue -2.7% year-over-year).
- 2015: Revenue of $1.4M, expenses of $1.4M, and assets of $538K (revenue +20.4% year-over-year).
- 2014: Revenue of $1.2M, expenses of $1.3M, and assets of $387K (revenue +17.7% year-over-year).
- 2013: Revenue of $1.0M, expenses of $1.1M, and assets of $291K (revenue -4.1% year-over-year).
- 2012: Revenue of $1.1M, expenses of $1.1M, and assets of $360K (revenue -4.9% year-over-year).
- 2011: Revenue of $1.1M, expenses of $1.2M, and assets of $303K.
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Brighter Tomorrows Inc:
Data Sources and Methodology
This transparency report for Brighter Tomorrows 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.