Hugs for Brady Foundation

Analysis

Hugs for Brady Foundation is a registered charity in United States, based in Kendall Park, NJ. It received its IRS tax-exemption ruling in December 2010, 16 years ago. Its declared purposes cover diseases, disorders and medical disciplines, which this site groups under health and saving lives. 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 June 2023, Hugs for Brady Foundation reported income of $170k and spending of $148k, spending 87% of its income. Across the 5 years on record, from June 2019 to June 2023, income fell from $930k to $170k (-82%), an average of -35% a year. The sharpest change came in the year to June 2020, when income dropped by 60%. Over the whole period it spent 114% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Hugs for Brady Foundation sits at the 38th percentile: it is larger than about 38% of them. Against every charity in United States with reported income it ranks in the 50th percentile, and in the 57th percentile within NJ. Charities of a similar size with the same main cause include Chicago Electrical Trauma Research Institute ($170k), Give Back Community ($170k) and Sugarcreek Township Ambulance Service Inc ($170k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 100% of the total. At year end it held assets of $208k against liabilities of $153k, net assets of $55k.