Bright Hope Inc
- Assets
- $24.7k
- Revenue
- $0.0
- Investments
- $0.0
- Employees
- 0
- Location
- Lynchburg, VA
- Founding
- 01/2005
- Data as of
- 12/2022
- EIN
- 42-1629426
Organization Overview
Bright Hope Inc is located in Lynchburg, VA. The organization was established in 2005. According to its NTEE Classification (P20) the organization is classified as: Human Service Organizations, under the broad grouping of Human Services and related organizations. This organization is an independent organization and not affiliated with a larger national or regional group of organizations. Bright Hope Inc is a 501(c)(3) and as such, is described as a "Charitable or Religous organization or a private foundation" by the IRS.
For the year ending 12/2022, Bright Hope Inc generated $87.1k in total revenue. This organization has experienced exceptional growth, as over the past 2 years, it has increased revenue by an average of 30.0% each year . All expenses for the organization totaled $88.2k during the year ending 12/2022. While expenses have increased by 28.3% per year over the past 2 years. They've been increasing with an increasing level of total revenue. You can explore the organizations financials more deeply in the financial statements section below.
Form
990EZ
Mission & Program ActivityExcerpts From the 990EZ Filing
TAX YEAR
2022
Describe the Organization's Program Activity:
Part 3
EDUCATIONAL DAY CARE AND BEFORE AND AFTER SCHOOL TUTORING AND MENTORING PROGRAM FOR AGES 3 - 12. PROVIDED EDUCATIONAL SUMMER CAMPS, FOOD, CLOTHING AND RESOURCES TO FAMILIES IN NEED. PROVIDED VOLUNTEERS TO LOCAL SCHOOLS.
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Board, Officers & Key Employees
| Name (title) | Role | Hours | Compensation |
|---|---|---|---|
Patric A J Braxton Executive Direct Executive Director | 50 | $13,530 | |
Valerie Silas Board Member Board Member | 0 | $0 | |
Thurman E Jones Sr Board Member | 0 | $0 |
Financial Statements
| Statement of Revenue | |
|---|---|
| Total Revenue from Contributions, Gifts, Grants & Similar | $50,000 |
| Total Program Service Revenue | $12,403 |
| Membership dues | $0 |
| Investment income | $0 |
| Gain or Loss | $0 |
| Net Income from Gaming & Fundraising | $0 |
| Other Revenue | $24,678 |
| Total Revenue | $87,081 |
| Statement of Expenses | |
|---|---|
| Grants and similar amounts paid | $0 |
| Benefits paid to or for members | $0 |
| Salaries, other compensation, and employee benefits | $30,477 |
| Professional fees and other payments to independent contractors | $0 |
| Occupancy, rent, utilities, and maintenance | $36,966 |
| Printing, publications, postage, and shipping | $140 |
| Other expenses | $20,586 |
| Total expenses | $88,169 |
| Balance Sheet | |
|---|---|
| Cash, savings, and investments | $24,733 |
| Other assets | $0 |
| Total assets | $24,733 |
| Total liabilities | $0 |
| Net assets or fund balances | $24,733 |
Grants Recieved
Over the last fiscal year, we have identified 1 grants that Bright Hope Inc has recieved totaling $33.
| Awarding Organization | Amount |
|---|---|
Amazonsmile Foundation Seattle, WA PURPOSE: GENERAL SUPPORT | $33 |
Peer Organizations
| Organization Name | Assets | Revenue |
|---|---|---|
Bell-Whitley Community Action Agency Inc Pineville, KY | $7,463,214 | $9,666,646 |
Union Mission Norfolk, VA | $19,076,349 | $10,467,458 |
Harford Community Action Agency Inc Edgewood, MD | $1,673,036 | $9,657,215 |
Hartwood Foundation Inc Fairfax, VA | $10,472,777 | $9,719,871 |
Greensboro Urban Ministry Greensboro, NC | $9,704,023 | $8,817,068 |
P3 Foundation Inc Charlotte, NC | $75,107,588 | $5,131,940 |
Family Resource Agency Inc Cleveland, TN | $3,123,531 | $9,293,392 |
Franklin Vance Warren Opportunity Henderson, NC | $4,057,269 | $9,956,290 |
Olivet Medical Ministry Inc Yorktown, VA | $5,086,470 | $8,947,962 |
Families U S A Foundation Inc Washington, DC | $37,749,314 | $9,369,992 |
Community Assistance Network Inc Baltimore, MD | $3,357,126 | $8,764,138 |
Housing Preservation Inc Memphis, TN | $40,176,409 | $5,595,751 |