Brain Foundation

Analysis

Brain Foundation is a registered charity in United States, based in Springfield, VA. It received its IRS tax-exemption ruling in December 2003, 23 years ago. Its declared purposes cover health care, 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, Brain Foundation reported income of $276k and spending of $278k, spending 101% of its income. Across the 5 years on record, from June 2019 to June 2023, income grew from $255k to $276k (+8.0%), an average of +1.9% a year. The sharpest change came in the year to June 2020, when income rose by 49%. Over the whole period it spent 98% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, Brain Foundation sits at the 46th percentile: it is larger than about 46% of them. Against every charity in United States with reported income it ranks in the 60th percentile, and in the 60th percentile within VA. Charities of a similar size with the same main cause include Cancer Patient Support Program Inc ($276k), Free to Smile Foundation Inc ($276k) and Unity Hall ($276k).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 53% and program service revenue 43% of the total. At year end it held assets of $3.0m against liabilities of $2.9m, net assets of $139k.