Braveworks

Analysis

Braveworks is a registered charity in United States, based in Charlotte, NC. It received its IRS tax-exemption ruling in August 2014, 12 years ago. Its declared purposes cover human services, which this site groups under poverty relief. 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 June 2023, Braveworks reported income of $766k and spending of $861k, spending 112% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $412k to $766k (+86%), an average of +17% a year. The sharpest change came in the year to June 2022, when income rose by 41%. Over the whole period it spent 102% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Braveworks sits at the 71st percentile: it is larger than about 71% of them. Against every charity in United States with reported income it ranks in the 76th percentile, and in the 76th percentile within NC. Charities of a similar size with the same main cause include Center for Legal Immigration Assistance ($766k), Crisis Center of the Plains ($766k) and Central Texas Childrens Home ($766k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 67% and program service revenue 33% of the total. Other salaries and wages came to $391k. At year end it held assets of $512k against liabilities of $364k, net assets of $148k. It reported 34 employees.