Religion-Related
(X20)
IRS Verified
DX Registered
990 on File
WELLSPRING LIVING INC
Financial strength (30%)
72/100
Reliability (20%)
55/100
Effectiveness (25%)
78/100
Impact (25%)
No data yet
CharityAI™ Score
Not yet evaluated
Mission Statement
Bright Futures Atlanta (BFA) was founded in 2002 with a mission to promote the spiritual, academic and physical well being of its youth and their families through discipleship and education resulting in personal accountability, positive career direction and lifelong achievement. The organization’s vision is to impact the underserved community of West Atlanta through a positive and sustainable support system, providing the means and motivation for youth to succeed in becoming self-sufficient, contributing adults.
Financial Overview — FY 2024
$16.2M
Total Revenue
$12.5M
Total Expenses
$19.7M
Net Assets
125
Employees
Revenue Sources
Expense Breakdown
Program Expense Ratio
70.2%
Fundraising Efficiency
137.0%
Operating Reserve
18.97x
Liability-to-Asset
3.3%
Revenue Diversification
86.1%
Executive Compensation
$485K
Compared with Peers
FY 2024
Compared with 160 similar organizations
(United States, Religion-Related, $10M–$100M 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
|
70.2% | 84.6% |
P10P90
|
Bottom quarter |
|
Admin expense ratio
Management and general / total expenses
· lower is better
|
23.0% | 9.7% |
P10P90
|
Bottom quarter |
|
Fundraising expense ratio
Fundraising expenses / total expenses
· lower is better
|
6.8% | 2.5% |
P10P90
|
Bottom quarter |
|
Fundraising efficiency
Fundraising expenses / gross fundraising income
· lower is better
|
137.0% | 664.7% |
P10P90
|
Top quarter |
|
Operating reserve
Months of expenses covered by net assets
· higher is better
|
19.0 mo | 10.8 mo |
P10P90
|
Above median |
|
Liabilities to assets
Total liabilities / total assets
· lower is better
|
3.3% | 12.8% |
P10P90
|
Top quarter |
|
Revenue concentration
Share of revenue from the largest source
· lower is better
|
86.1% | 91.3% |
P10P90
|
Above median |
|
Surplus margin
Surplus as a share of revenue
|
23.0% | 1.6% |
P10P90
|
Financial History
| Year | Revenue | Expenses | Net Assets | Program % | Staff |
|---|---|---|---|---|---|
| 2024 | $16.2M | $12.5M | $19.7M | 70.2% | 125 |
| 2022 | $13.2M | $8.5M | $9.7M | 68.6% | 189 |
| 2021 | $10.4M | $8.6M | N/A | — | 189 |
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