Start Bright Inc
EIN: 850770365 · Hiram, GA
| Metric | Value |
|---|---|
| Total Revenue | $671K |
| Total Expenses | $711K |
| Net Assets | $22K |
Is Start Bright Inc Legit?
Insufficient Data
Assessment based on IRS 990 filings, spending patterns, and AI analysis. Not a guarantee of legitimacy. Full charity check →
About Start Bright Inc
Start Bright Inc (EIN: 850770365) is a nonprofit organization based in Hiram, GA. The organization reported total revenue of $671K and total assets of $33K according to its most recent IRS 990 filing. This transparency report provides an AI-powered analysis of Start Bright Inc's financial health, spending patterns, executive compensation, and overall mission effectiveness based on publicly available IRS data.
Organization Overview
Start Bright Inc is a small nonprofit that has been operating for 6 years, with 2 years of IRS 990 filings on record (2020–2021). Revenue has grown at a compound annual rate of 151.4%.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
| Total Revenue | $671K |
| Total Expenses | $711K |
| Surplus / Deficit | $-39,842 |
| Total Assets | $33K |
| Total Liabilities | $11K |
| Net Assets | $22K |
| Operating Margin | -5.9% |
| Debt-to-Asset Ratio | 33.8% |
| Months of Reserves | 0.6 months |
Financial Health Grade: C
In 2021, Start Bright Inc reported a deficit of $40K with expenses exceeding revenue, holds 0.6 months of operating reserves (limited), has a debt-to-asset ratio of 33.8% (moderate leverage).
Financial Trends
Over 2 years of filings (2020–2021), Start Bright Inc's revenue has grown at a compound annual growth rate (CAGR) of 151.4%.
| Year | Revenue Change | Expense Change | Asset Change |
|---|---|---|---|
| 2021 | +151.4% | +230.2% | -46.6% |
IRS Tax-Exempt Classification
| IRS Classification Codes | 1200 |
| IRS Ruling Date | 2020 |
Classification data from ProPublica Nonprofit Explorer. Additional BMF data may be available after enrichment.
AI Analysis Pending
AI enrichment for Start Bright Inc has not yet been completed. Basic IRS 990 data is shown below. Check back later for a full transparency report including a Mission Score, spending breakdown, executive compensation analysis, and red flags assessment.
Mission Effectiveness Score
NonprofitSpending's AI analysis rates Start Bright Inc with a Mission Score of 0 out of 100 (Very Poor). This score reflects the organization's overall financial transparency, program spending efficiency, and governance indicators derived from IRS 990 public filings.
Key Financial Metrics (2021)
From the most recent IRS 990 filing on record:
- The organization reported a deficit of $40K, with expenses exceeding revenue.
- Debt-to-asset ratio: 33.8%.
Frequently Asked Questions about Start Bright Inc
Is Start Bright Inc a legitimate charity?
Based on AI analysis of IRS 990 filings, Start Bright Inc (EIN: 850770365) insufficient data. 0 red flags identified, 0 strengths noted.
How does Start Bright Inc spend its money?
Detailed spending breakdown data is not yet available for Start Bright Inc. Check back for updated IRS 990 analysis.
Are donations to Start Bright Inc tax-deductible?
Start Bright Inc is registered as a tax-exempt nonprofit (EIN: 850770365). Donations to most 501(c)(3) organizations are tax-deductible. Consult a tax professional for your specific situation.
Where is Start Bright Inc located?
Start Bright Inc is headquartered in Hiram, Georgia and files with the IRS under EIN 850770365.
How many years of IRS 990 filings does Start Bright Inc have?
Start Bright Inc has 2 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 $671K in total revenue.
Filing History
IRS 990 filing history for Start Bright Inc showing financial trends over 2 years of public records:
Over 2 years of IRS 990 filings (2020–2021), Start Bright Inc's revenue has grown by 151.4%, moving from $267K to $671K. Total assets decreased by 46.6% over the same period, from $62K to $33K. Total functional expenses rose by 230.2%, from $215K to $711K. In its most recent filing year (2021), Start Bright Inc reported a deficit of $40K, with expenses exceeding revenue. The organization holds $11K in liabilities against $33K in assets (debt-to-asset ratio: 33.8%), resulting in net assets of $22K.
| Year | Revenue | Expenses | Assets | Liabilities | Officer Comp. % | |
|---|---|---|---|---|---|---|
| 2021 | $671K | $711K | $33K | $11K | — | — |
| 2020 | $267K | $215K | $62K | $0 | — | — |
View Individual Filing Years
Explore detailed financial data from each IRS 990 filing year for Start Bright Inc:
Data Sources and Methodology
This transparency report for Start Bright 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.