Brooke of Life

Analysis

Brooke of Life is a registered charity in United States, based in Arlington, TX. It received its IRS tax-exemption ruling in June 2014, 12 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, Brooke of Life reported income of $570k and spending of $629k, spending 110% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $484k to $570k (+18%), an average of +4.2% a year. The sharpest change came in the year to December 2021, when income rose by 84%. Over the whole period it spent 102% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brooke of Life sits at the 79th percentile: it is larger than about 79% of them. Against every charity in United States with reported income it ranks in the 72nd percentile, and in the 76th percentile within TX. Charities of a similar size with the same main cause include Korean American Museum Inc ($570k), Mote Marine Foundation Inc ($570k) and NYC Builds Bio Inc ($570k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 20% and program service revenue 80% of the total. Other salaries and wages came to $375k. At year end it held assets of $41k against liabilities of $5,000, net assets of $36k. It reported 88 employees.