Animal-Related
(D200)
IRS Verified
DX Registered
990 on File
BRIGHT PROMISES FOUNDATION
Financial strength (30%)
67/100
Reliability (20%)
55/100
Effectiveness (25%)
68/100
Impact (25%)
No data yet
27
CharityAI™ Score
out of 100
Mission Statement
Bright Promises Foundation is the first organization chartered by the State of Illinois for the care and protection of children and youth, and the only statewide public foundation solely focused on children and youth. Based in Chicago, we partner with children’s nonprofits across Chicagoland to drive bold, innovative solutions in early childhood education, youth mental health, youth development, and family and parent engagement.
Financial Overview — FY 2024
$461K
Total Revenue
$896K
Total Expenses
$5.8M
Net Assets
2
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
72.7%
Fundraising Efficiency
351.7%
Operating Reserve
77.63x
Liability-to-Asset
2.9%
Revenue Diversification
64.9%
Executive Compensation
$110K
Compared with Peers
FY 2024
Compared with 4,382 similar organizations
(United States, Animal-Related, $100K–$1M in expenses), FY 2024.
This organization
Middle half of peers (P25–P75)
Peer median
| Ratio | This org | Peer median | Position (P10 → P90) | |
|---|---|---|---|---|
|
Program expense ratio
Program expenses / total expenses
· higher is better
|
72.7% | 91.8% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
21.9% | 6.3% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
5.4% | 0.0% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
351.7% | 5.6% |
P10P90
|
Bottom quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
77.6 mo | 10.0 mo |
P10P90
|
Top quarter |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
2.9% | 0.4% |
P10P90
|
Below median |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
64.9% | 89.3% |
P10P90
|
Top quarter |
|
Revenue growth
Year over year revenue growth
|
-68.5% | 8.5% |
P10P90
|
|
|
Expense growth
Year over year expense growth
|
-8.7% | 7.5% |
P10P90
|
|
|
Surplus margin
Surplus as a share of revenue
|
-94.1% | 3.0% |
P10P90
|
CharityAI™ Evaluation — 2025
27 / 1000
Financial
84
Reliability
33
Effectiveness
10
Impact
Financial Strength (30%)
0
Reliability & Transparency (20%)
84
Program Effectiveness (25%)
33
Impact & Outcomes (25%)
10
0 programs
IRS Verified Form 990 on File 95% Data Complete
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $461K | $896K | $5.8M | 72.7% | 2 |
| 2023 | $1.5M | $981K | $6.1M | 70.7% | 2 |
| 2022 | $1.1M | $768K | $4.6M | 66.7% | 2 |
| 2021 | $676K | $767K | N/A | — | 1 |
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