Brac USA Inc

Analysis

Brac USA Inc is a registered charity in United States, based in New York, NY. It received its IRS tax-exemption ruling in June 2007, 19 years ago. Its declared purposes cover international, foreign affairs and national security, which this site groups under overseas aid and international. 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 September 2023, Brac USA Inc reported income of $15.4m and spending of $17.5m, spending 114% of what it took in. Across the 5 years on record, from September 2019 to September 2023, income fell from $17.5m to $15.4m (-12%), an average of -3.1% a year. The sharpest change came in the year to September 2020, when income rose by 321%. Over the whole period it spent 96% of the income it received.

Among 10,317 United States charities whose main cause is overseas aid and international and that reported income, Brac USA 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 96th percentile, and in the 95th percentile within NY. Charities of a similar size with the same main cause include Voices Project USA Inc ($15.3m), Pyxera Global Inc ($15.5m) and Kingsway Charities Inc ($15.3m).

On its Form 990 for the period ending September 2023, revenue came from contributions and grants 88% and program service revenue 5.7% of the total. Compensation of current officers, directors and key employees was $968k (5.5% of expenses). Other salaries and wages came to $2.2m. At year end it held assets of $51.4m against liabilities of $36.6m, net assets of $14.8m. It reported 36 employees.

Data notes from the register: Spending has exceeded income in each of the last three reported years, so the charity has been drawing on reserves or other funds.