Abrace Inc - Brazilian Association of Culture and Education

Analysis

Abrace Inc - Brazilian Association of Culture and Education is a registered charity in United States, based in Falls Church, VA. It received its IRS tax-exemption ruling in August 2010, 16 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 August 2023, Abrace Inc - Brazilian Association of Culture and Education reported income of $168k and spending of $146k, spending 87% of its income. Across the 2 years on record, from August 2022 to August 2023, income grew from $143k to $168k (+18%), an average of +18% a year. The sharpest change came in the year to August 2023, when income rose by 18%. Over the whole period it spent 91% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Abrace Inc - Brazilian Association of Culture and Education sits at the 54th percentile: it is larger than about 54% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 49th percentile within VA. Charities of a similar size with the same main cause include Aauw-Wa Special Projects Fund ($168k), Madison Museum of Contemporary Art Foundation ($168k) and Aces Education Foundation Inc ($168k).

On its Form 990-EZ for the period ending August 2023, revenue came from contributions and grants 30% and program service revenue 70% of the total. At year end it held assets of $121k against liabilities of $68k, net assets of $53k.