Brady Craft Inc

Analysis

Brady Craft Inc is a registered charity in United States, based in Tulsa, OK. It received its IRS tax-exemption ruling in April 2011, 15 years ago. Its declared purposes cover arts, culture and humanities, which this site groups under arts, culture, heritage and science. 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, Brady Craft Inc reported income of $401k and spending of $403k, spending 100% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $348k to $401k (+15%), an average of +3.6% a year. The sharpest change came in the year to December 2020, when income dropped by 22%. Over the whole period it spent 105% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brady Craft Inc sits at the 73rd percentile: it is larger than about 73% of them. Against every charity in United States with reported income it ranks in the 67th percentile, and in the 68th percentile within OK. Charities of a similar size with the same main cause include Owen-Cox Dance Group ($401k), Lake George Club Historic Preservation Foundation Inc ($401k) and Alabama Values ($401k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 93% and program service revenue 0.3% of the total. Compensation of current officers, directors and key employees was $70k (17% of expenses). Other salaries and wages came to $129k. At year end it held assets of $28k against liabilities of $10k, net assets of $18k. It reported 5 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.