Brakettes Inc

Analysis

Brakettes Inc is a registered charity in United States, based in Stratford, CT. It received its IRS tax-exemption ruling in February 2009, 17 years ago. Its declared purposes cover recreation and sports, which this site groups under amateur sport and recreation. 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 December 2023, Brakettes Inc reported income of $114k and spending of $102k, spending 90% of its income. Across the 2 years on record, from December 2022 to December 2023, income fell from $117k to $114k (-3.2%), an average of -3.2% a year. Over the whole period it spent 89% of the income it received.

Among 30,892 United States charities whose main cause is amateur sport and recreation and that reported income, Brakettes Inc sits at the 50th percentile: it is larger than about 50% of them. Against every charity in United States with reported income it ranks in the 40th percentile, and in the 38th percentile within CT. Charities of a similar size with the same main cause include Windham Youth Soccer Association ($114k), Caris Sports Foundation Inc ($114k) and Coastal United Soccer Association Inc ($114k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 18% and program service revenue 11% of the total. At year end it held assets of $82k against liabilities of $0, net assets of $82k.