Hull Bright Start Inc
Hull Bright Start Inc. shows robust financial growth and zero officer compensation over the past decade.
EIN: 203577581 · Hull, IA · NTEE: P33 · Updated: 2026-03-28
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 →
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.
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.
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
Is Hull Bright Start Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Hull Bright Start Inc (EIN: 203577581) appears legitimate. Mission Score: 95/100. 0 red flags identified, 5 strengths noted.
How does Hull Bright Start Inc spend its money?
Hull Bright Start Inc directs 90% of its spending to programs and services. The remaining budget covers administration and fundraising costs.
Are donations to Hull Bright Start Inc tax-deductible?
Hull Bright Start Inc is registered as a tax-exempt nonprofit (EIN: 203577581). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Is Hull Bright Start Inc. a good charity?
Based on the provided financial data, Hull Bright Start Inc. appears to be a very good charity. It demonstrates strong financial health, significant asset growth, and a commitment to efficiency with 0% officer compensation reported across all filings.
How has Hull Bright Start Inc.'s financial health changed over time?
Hull Bright Start Inc. has experienced remarkable financial growth, particularly in the last two years. Revenue jumped from $349,260 in 2021 to $1,438,165 in 2023, and assets surged from $187,491 in 2021 to $2,837,900 in 2023, indicating a very positive trend.
What is the organization's approach to executive compensation?
The organization consistently reports 0% officer compensation, suggesting a volunteer-led executive team or a policy of not compensating its officers, which is a strong indicator of fiscal responsibility and dedication to its mission.
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 | Revenue | Expenses | Assets | Liabilities | Officer Comp. | |
|---|---|---|---|---|---|---|
| 2023 | $1.4M | $386K | $2.8M | $581K | — | — |
| 2022 | $1.4M | $342K | $1.2M | $5K | — | — |
| 2021 | $349K | $283K | $187K | $5K | — | View 990 |
| 2020 | $297K | $285K | $145K | $28K | — | View 990 |
| 2019 | $286K | $271K | $140K | $35K | — | View 990 |
| 2018 | $274K | $266K | $132K | $42K | — | View 990 |
| 2017 | $261K | $246K | $128K | $46K | — | View 990 |
| 2016 | $215K | $218K | $117K | $50K | — | View 990 |
| 2015 | $206K | $196K | $123K | $53K | — | View 990 |
| 2014 | $247K | $207K | $117K | $57K | — | View 990 |
| 2013 | $179K | $181K | $77K | $56K | — | View 990 |
| 2012 | $181K | $179K | $82K | $60K | — | View 990 |
| 2011 | $171K | $192K | $82K | $63K | — | View 990 |
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.
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.