A Brighter Future Learning Center is a 501(c)(3) organization based in Princeton, Kentucky, registered in 1996, with $61,706 in FY2023 revenue. CharityIndex grades it D.
Revenue (FY2023)
$62K
▲ 2.9% vs prior year
Education median: $200K
Expenses (FY2023)
$85K
Net assets
-$38K
Employees
—
Measures how much of every dollar spent actually reaches programs, plus what it costs to raise $100 of donations. The worse of the two measures sets the letter (85%+ to programs is an A; under $15 to raise $100 is an A), averaged over the three most recent filings. Not scored for A Brighter Future Learning Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Measures whether the organization is built to last: how many months its reserves would cover expenses (3+ months earns an A-range score, but hoarding 5+ years of budget is capped) and whether it runs a surplus or a deficit. For A Brighter Future Learning Center: 0 mo reserves · -37% margin earns a D on this criterion. See the exact thresholds →
Checks how the organization is run, from its own Form 990: an independent board majority, a board of five or more, conflict-of-interest, whistleblower and document-retention policies, and independently audited financials. The share of disclosed checks that pass sets the letter. Not scored for A Brighter Future Learning Center— this filing type doesn't report it, and the rating simply skips it (never counts it against the organization). See the exact thresholds →
Counts five disclosure signals: a recent filing, a mission statement, program descriptions, a listed website, and the full expense breakdown. More disclosure, better letter. For A Brighter Future Learning Center: 1 of 5 disclosure signals earns a D on this criterion. See the exact thresholds →
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Revenue grew from $51K (FY2019) to $62K (FY2023) across 5 reported years.
Financial snapshot
Operating margin
-37.4%
Spent more than it raised in the latest fiscal year.
Total assets
$2,802
Total liabilities
$40K
Net assets
-$38K
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2023 | $61,706▲2.9% | $84,791▲28.1% | -$37,567▼159% | $2,802▼71.8% | 990EZ |
| 2022 | $59,951▼3.8% | $66,202▲10.2% | -$14,481▼76.0% | $9,939▲2.6% | 990EZ |
| 2021 | $62,336▼52.0% | $60,099▼57.0% | -$8,229▲21.4% | $9,691▲295% | 990EZ |
| 2020 | $129,958▲155% | $139,779▲170% | -$10,467▼1520% | $2,453▲795% | 990EZ |
| 2019 | $51,045 | $51,841 | -$646 | $274 | 990EZ |
Original Form 990 PDFs (the Form column) are served by ProPublica Nonprofit Explorer, as filed with the IRS. Create a free account to download the CSV report.
5 grants to A Brighter Future Learning Center totaling $156K, reported by foundations on their Schedule I filings.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| American Endowment Foundation | Educational | 2021 | $20,120 |
| American Endowment Foundation | Programs | 2019 | $60,000 |
| American Endowment Foundation | Programs | 2018 | $40,000 |
| American Endowment Foundation | Programs | 2017 | $29,000 |
| American Endowment Foundation | Programs | 2016 | $7,000 |
Explore more
Data for A Brighter Future Learning Center (EIN 61-1266893) comes from the IRS Business Master File and e-filed Form 990 returns, via CharityIndex. Figures reflect what the organization reported to the IRS for each fiscal year.