Bright Funds Foundation
99% goes to programs $0 to raise $100 Declining revenue
Bright Funds Foundation is a 501(c)(3) organization based in San Jose, California, registered in 2014, with $25,639,675 in FY2024 revenue. CharityIndex grades it B, and it directs about 99% of spending to programs.
Po Box 53125, San Jose, CA, 95153 EIN 46-2109112 Since 2014
Revenue (FY2024)
$25.6M
▼ 70.1% vs prior year
Philanthropy median: $168K
Expenses (FY2024)
$22.3M
Net assets
$5.8M
Employees
0
CharityIndex rating
One independent A+ to F grade from four published criteria, each scored separately from IRS filings and combined by weight.
B
★★★★
Rated on 4 of 4 criteria.
Held down by its weakest criterion — a strong score on one criterion can't hide a weak one.
How the rating works →A+Program efficiency40% of the rating99% to programs · $0 to raise $100
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. For Bright Funds Foundation: 99% to programs · $0 to raise $100 earns a A+ on this criterion. See the exact thresholds →
AFinancial health25% of the rating3 mo reserves · +13% margin
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 Bright Funds Foundation: 3 mo reserves · +13% margin earns a A on this criterion. See the exact thresholds →
CGovernance25% of the rating2 of 6 checks met
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. For Bright Funds Foundation: 2 of 6 checks met earns a C on this criterion. See the exact thresholds →
ATransparency10% of the rating4 of 5 disclosure signals
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 Bright Funds Foundation: 4 of 5 disclosure signals earns a A on this criterion. See the exact thresholds →
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Mission
Bright funds foundation exists to empower people to be meaningful, effective, and engaged philanthropists.
Contact & location
- Address
- Po Box 53125, San Jose, CA, 95153
- City
- San Jose
- State
- California
- Subcategory
- Support Foundations & Fundraising
- Phone
- …
- Website
- …
Financial trends
Revenue grew from $87K (FY2013) to $25.6M (FY2024) across 11 reported years.
Financial snapshot
Financial health & position (FY2024)
Liabilities $5.0MNet assets $5.8M
Operating margin
13.2%
Revenue exceeded expenses in the latest fiscal year.
Total assets
$10.8M
Total liabilities
$5.0M
Net assets
$5.8M
Salaries & benefits
$0
0% of expenses
Board members
3
3 independent
Financials by year
| Fiscal year | Revenue | Expenses | Net assets | Total assets | Form |
|---|---|---|---|---|---|
| 2024 | $25,639,675▼70.1% | $22,261,639▼73.5% | $5,809,370▼60.3% | $10,834,060▼49.0% | 990 |
| 2023 | $85,703,644▲22.7% | $83,907,973▲22.9% | $14,630,654▼39.5% | $21,258,588▼22.1% | 990 |
| 2022 | $69,853,050▲17.8% | $68,290,248▲11.6% | $24,191,447▲6.4% | $27,273,042▲16.5% | 990 |
| 2021 | $59,277,249▲45.3% | $61,178,901▲65.5% | $22,745,525▲43.6% | $23,418,833▲42.9% | 990 |
| 2019 | $40,809,537▲32.1% | $36,972,742▲31.5% | $15,835,721▲32.0% | $16,383,053▲34.3% | 990 |
| 2018 | $30,893,921▲30.3% | $28,116,540▲33.5% | $11,998,926▲30.1% | $12,197,417▲22.2% | 990 |
| 2017 | $23,718,190▲101% | $21,068,421▲208% | $9,221,545▲40.3% | $9,982,523▲47.2% | 990 |
| 2016 | $11,805,878▲225% | $6,836,825▲154% | $6,571,776▲566% | $6,781,413▲289% | 990 |
| 2015 | $3,632,464▲1588% | $2,686,391▲1127% | $986,885▲54805% | $1,744,736▲3668% | 990 |
| 2014 | $215,195▲147% | $218,881▲157% | -$1,804▼196% | $46,309▲2361% | 990 |
| 2013 | $87,114 | $85,232 | $1,882 | $1,882 | 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.
Leadership & compensation (FY2024)
| Name | Title | Hours/week | Compensation |
|---|---|---|---|
| Andrew Flachner | Secretary | 3 | — |
| Cliff Goldstein | Treasurer | 3 | — |
| Srinagesh Vitthalana | President | 3 | — |
Grants received · $100.9M total
20 grants to Bright Funds Foundation totaling $100.9M, reported by foundations on their Schedule I filings — showing the 15 most recent.
| Grantmaker | Purpose | Year | Amount |
|---|---|---|---|
| The Skoll Fund | General nonprofit support | 2024 | $26,786 |
| Greater Horizons | Public, societal benefit | 2024 | $6,970 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2023 | $47,880,713 |
| American Online Giving Foundation Inc | General support | 2023 | $5,274 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2022 | $24,558,662 |
| Silicon Valley Community Foundation | General nonprofit support | 2022 | $189,393 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2022 | $35,779 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2021 | $11,960,909 |
| Silicon Valley Community Foundation | General nonprofit support | 2021 | $635,664 |
| Marin Community Foundation | Humanitarian support | 2021 | $89,500 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $62,195 |
| Fidelity Investments Charitable Gift Fund | For grant recipient's exempt purposes | 2021 | $62,195 |
| Donor Advised Charitable Giving | Public, societal benefit | 2021 | $15,500 |
| Vanguard Charitable Endowment Program | For recipient's exempt purpose | 2020 | $14,584,376 |
| Silicon Valley Community Foundation | General nonprofit support | 2020 | $142,342 |
Grants made · $38.2M in FY2021
1,690 grants totaling $38.2M in FY2021 — showing the 15 largest. All grants made by Bright Funds Foundation →
| Recipient | Purpose | Amount |
|---|---|---|
| Second Harvest of Silicon Valley | General purpose | $1,035,067 |
| Islamic Relief USA | General purpose | $713,242 |
| St Jude Childrens Research Hospital Inc | General purpose | $687,454 |
| Sewa International Inc | General purpose | $608,801 |
| American National Red Cross | General purpose | $455,079 |
| Cooperative For Assistance and Relief Everywhere Inc | General purpose | $430,031 |
| Feeding America | General purpose | $404,283 |
| Direct Relief | General purpose | $390,759 |
| Baps Charities Inc | General purpose | $351,185 |
| Equal Justice Initiative | General purpose | $309,022 |
| Association For Indias Development Inc | General purpose | $292,305 |
| Blood Cancer United Inc | General purpose | $288,325 |
| Americares Foundation Inc | General purpose | $274,604 |
| Food Bank of Central & Eastern North Carolina Inc | General purpose | $266,398 |
| American India Foundation | General purpose | $263,990 |
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Frequently asked questions
- Is Bright Funds Foundation a legitimate nonprofit?
- Yes. Bright Funds Foundation is a 501(c)(3) organization registered with the U.S. Internal Revenue Service under EIN 46-2109112, based in San Jose, California. Donations are tax-deductible.
- What is Bright Funds Foundation's EIN?
- Bright Funds Foundation's Employer Identification Number (EIN) is 46-2109112.
- How much revenue does Bright Funds Foundation report?
- Bright Funds Foundation reported $25,639,675 in total revenue on its fiscal year 2024 IRS Form 990 filing.
- How much of Bright Funds Foundation's spending goes to programs?
- Bright Funds Foundation spends about 99% of its total expenses on programs, based on its latest IRS Form 990.
- What financial grade does Bright Funds Foundation have?
- CharityIndex grades Bright Funds Foundation B, based on program efficiency and fundraising cost.
- How much does Bright Funds Foundation's highest-paid employee make?
- The highest reported compensation on Bright Funds Foundation's latest Form 990 is $0, paid to Andrew Flachner (Secretary).
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Data for Bright Funds Foundation (EIN 46-2109112) 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.