Put on the Brakes Inc

Analysis

Put on the Brakes Inc is a registered charity in United States, based in Concord, NC. It received its IRS tax-exemption ruling in March 2009, 17 years ago. Its declared purposes cover education, which this site groups under education and training. 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 December 2023, Put on the Brakes Inc reported income of $4.2m and spending of $3.9m, spending 91% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $4.2m to $4.2m (+1.5%), an average of +0.4% a year. The sharpest change came in the year to December 2020, when income dropped by 52%. Over the whole period it spent 89% of the income it received.

Among 66,972 United States charities whose main cause is education and training and that reported income, Put on the Brakes Inc sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 91st percentile, and in the 92nd percentile within NC. Charities of a similar size with the same main cause include Ku Center for Technology Commercialization Inc ($4.2m), Ccsa Foundation ($4.2m) and Detroit Public Schools Foundation ($4.2m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 18% of the total. Compensation of current officers, directors and key employees was $150k (3.9% of expenses). Other salaries and wages came to $550k. At year end it held assets of $3.3m against liabilities of $138k, net assets of $3.1m. It reported 13 employees.