Bravo Greater Des Moines Inc

Analysis

Bravo Greater Des Moines Inc is a registered charity in United States, based in Des Moines, IA. It received its IRS tax-exemption ruling in May 2006, 20 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. The IRS classifies it as a publicly supported organisation (donations from the general public) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Bravo Greater Des Moines Inc reported income of $7.3m and spending of $5.2m, leaving 29% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $5.2m to $7.3m (+41%), an average of +9.0% a year. The sharpest change came in the year to June 2022, when income rose by 68%. Over the whole period it spent 89% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Bravo Greater Des Moines Inc sits at the 97th percentile: it is larger than about 97% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within IA. Charities of a similar size with the same main cause include National Theatre in America Inc ($7.3m), US Navy Memorial Foundation ($7.3m) and Montalvo Association ($7.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 102% of the total. Compensation of current officers, directors and key employees was $180k (3.5% of expenses). Other salaries and wages came to $176k. At year end it held assets of $7.9m against liabilities of $2.5m, net assets of $5.4m. It reported 4 employees.