Brain Research Foundation

Analysis

Brain Research Foundation is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in March 1958, 68 years ago. Its declared purposes cover philanthropy, voluntarism and grantmaking foundations, which this site groups under grant-making and general purposes. 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 Research Foundation reported income of $2.3m and spending of $2.7m, spending 118% of what it took in. Across the 5 years on record, from June 2019 to June 2023, income grew from $1.8m to $2.3m (+27%), an average of +6.1% a year. The sharpest change came in the year to June 2021, when income rose by 148%. Over the whole period it spent 92% of the income it received.

Among 19,413 United States charities whose main cause is grant-making and general purposes and that reported income, Brain Research Foundation sits at the 88th percentile: it is larger than about 88% of them. Against every charity in United States with reported income it ranks in the 87th percentile, and in the 87th percentile within IL. Charities of a similar size with the same main cause include United Way of Mower County Inc ($2.3m), Denver Post Community Foundation ($2.3m) and Vetsaid Inc ($2.3m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 68% of the total. Compensation of current officers, directors and key employees was $394k (15% of expenses). Other salaries and wages came to $189k. At year end it held assets of $20.3m against liabilities of $1.1m, net assets of $19.2m. It reported 2 employees.