Brotherhood of Elders Network

Analysis

Brotherhood of Elders Network is a registered charity in United States, based in Oakland, CA. It received its IRS tax-exemption ruling in August 2017, 9 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, Brotherhood of Elders Network reported income of $814k and spending of $1.2m, spending 150% of what it took in. Across the 5 years on record, from December 2019 to December 2023, income grew from $388k to $814k (+110%), an average of +20% a year. The sharpest change came in the year to December 2020, when income rose by 104%. Over the whole period it spent 85% of the income it received.

Among 45,478 United States charities whose main cause is arts, culture, heritage and science and that reported income, Brotherhood of Elders Network sits at the 84th percentile: it is larger than about 84% of them. Against every charity in United States with reported income it ranks in the 77th percentile, and in the 78th percentile within CA. Charities of a similar size with the same main cause include Amazing Grace Conservatory Inc ($814k), Friends of the Military Museum of South Florida at Nas Richmond ($814k) and Hickory Museum of Art Inc ($814k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 58% and program service revenue 40% of the total. Compensation of current officers, directors and key employees was $129k (11% of expenses). At year end it held assets of $853k against liabilities of $314, net assets of $853k. It reported 2 employees.