Braverhood Ltd

Analysis

Braverhood Ltd is a registered charity in United States, based in Brooklyn, NY. It received its IRS tax-exemption ruling in December 2006, 20 years ago. Its declared purposes cover education, which this site groups under education and training. The IRS classifies it as a publicly supported organisation (gross receipts test) under section 501(c)(3), and contributions to it are listed as tax-deductible.

In the financial year ending June 2023, Braverhood Ltd reported income of $123.6m and spending of $93.8m, leaving 24% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $25.8m to $123.6m (+379%), an average of +48% a year. The sharpest change came in the year to June 2022, when income rose by 115%. Over the whole period it spent 80% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Braverhood Ltd sits at the 99th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 99th percentile, and in the 99th percentile within NY. Charities of a similar size with the same main cause include Center for Creative Leadership ($123.5m), Lyrasis ($123.9m) and Kalamazoo College ($123.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 1.0% and program service revenue 99% of the total. Compensation of current officers, directors and key employees was $1.4m (1.5% of expenses). Other salaries and wages came to $50.7m. At year end it held assets of $84.1m against liabilities of $7.5m, net assets of $76.6m. It reported 3,626 employees.