Hull Bright Start Inc

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Hull Bright Start Inc Form 990, Revenue, CEO Pay, and IRS Filing Signals

Hull Bright Start Inc is surfaced here as a decision-ready nonprofit financial profile, not just a charity listing. The page consolidates IRS Form 990 revenue, expenses, assets, tax-exempt classification, executive compensation, mission score, red flags, and year-by-year filing history so donors, researchers, journalists, and grant teams can answer the common search questions around Hull Bright Start Inc in one place.

Is Hull Bright Start Inc Legit?

Appears Legitimate

Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →

IRS 990 Data Cockpit

Where the Money Comes From and Where It Goes

Across stored filings, Hull Bright Start Inc shows contribution history pending. Next enrichment targets: revenue-source fields, IRS BMF classification.

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Hull Bright Start Inc directs 90% of its spending to programs. This exceeds the industry benchmark of 65%, indicating strong mission focus.

About Hull Bright Start Inc

Hull Bright Start Inc (EIN: 203577581) is a nonprofit organization based in Hull, IA, classified under NTEE code P33. The organization reported total revenue of $371K and total assets of $3.1M according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Hull Bright Start Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.

Organization Overview

Hull Bright Start Inc is a small nonprofit that has been operating for 19 years, with 13 years of IRS 990 filings on record (2011–2023). Revenue has grown at a compound annual rate of 19.4%.

Key Financial Metrics (2023)

From the most recent IRS 990 filing on record:

Financial Health Grade: A

In 2023, Hull Bright Start Inc reported a surplus of $1.1M with revenue exceeding expenses, holds 88.2 months of operating reserves (strong position), has a debt-to-asset ratio of 20.5% (moderate leverage).

Financial Trends

Over 13 years of filings (2011–2023), Hull Bright Start Inc's revenue has grown at a compound annual growth rate (CAGR) of 19.4%.

IRS Tax-Exempt Classification

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 Hull Bright Start Inc with a Mission Score of 95 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: 90%
• fundraising: 0%

According to IRS 990 filings, Hull Bright Start Inc allocates its expenses as follows: admin: 10%, programs: 90%, fundraising: 0%. With 90% 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 $1.1M, with revenue exceeding expenses.
• Debt-to-asset ratio: 20.5%.

Executive Compensation Analysis

Executive compensation is reported as 0% across all available filings, indicating that officers are either unpaid volunteers or receive no compensation, which is highly favorable for an organization of its size with assets growing to over $2.8 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.

Strengths

The following positive indicators were identified for Hull Bright Start Inc:

• Consistent 0% officer compensation across all filings.
• Significant revenue growth, especially in 2022 and 2023.
• Substantial asset growth, from $187,491 in 2021 to $2,837,900 in 2023.
• Expenses consistently much lower than revenue, indicating strong financial management.
• Low liabilities relative to assets in recent years (e.g., $581,372 liabilities vs. $2,837,900 assets in 2023).

Frequently Asked Questions about Hull Bright Start Inc

Filing History

IRS 990 filing history for Hull Bright Start Inc showing financial trends over 13 years of public records:

Over 13 years of IRS 990 filings (2011–2023), Hull Bright Start Inc's revenue has grown by 741%, moving from $171K to $1.4M. Total assets increased by 3375.7% over the same period, from $82K to $2.8M. Total functional expenses rose by 101.5%, from $192K to $386K. In its most recent filing year (2023), Hull Bright Start Inc reported a surplus of $1.1M, with revenue exceeding expenses. The organization holds $581K in liabilities against $2.8M in assets (debt-to-asset ratio: 20.5%), resulting in net assets of $2.3M.

Year-by-Year Financial Summary

• 2023: Revenue of $1.4M, expenses of $386K, and assets of $2.8M (revenue +5.5% year-over-year).
• 2022: Revenue of $1.4M, expenses of $342K, and assets of $1.2M (revenue +290.4% year-over-year).
• 2021: Revenue of $349K, expenses of $283K, and assets of $187K (revenue +17.5% year-over-year).
• 2020: Revenue of $297K, expenses of $285K, and assets of $145K (revenue +4.0% year-over-year).
• 2019: Revenue of $286K, expenses of $271K, and assets of $140K (revenue +4.4% year-over-year).
• 2018: Revenue of $274K, expenses of $266K, and assets of $132K (revenue +5.1% year-over-year).
• 2017: Revenue of $261K, expenses of $246K, and assets of $128K (revenue +21.1% year-over-year).
• 2016: Revenue of $215K, expenses of $218K, and assets of $117K (revenue +4.6% year-over-year).
• 2015: Revenue of $206K, expenses of $196K, and assets of $123K (revenue -16.5% year-over-year).
• 2014: Revenue of $247K, expenses of $207K, and assets of $117K (revenue +37.5% year-over-year).
• 2013: Revenue of $179K, expenses of $181K, and assets of $77K (revenue -1.0% year-over-year).
• 2012: Revenue of $181K, expenses of $179K, and assets of $82K (revenue +6.0% year-over-year).
• 2011: Revenue of $171K, expenses of $192K, and assets of $82K.

View Individual Filing Years

Explore detailed financial data from each IRS 990 filing year for Hull Bright Start Inc:

Data Sources and Methodology

This transparency report for Hull Bright Start 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.