American Brain Foundation

Analysis

American Brain Foundation is a registered charity in United States, based in Minneapolis, MN. It received its IRS tax-exemption ruling in May 1993, 33 years ago. Its declared purposes cover medical research, 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 December 2023, American Brain Foundation reported income of $10.4m and spending of $5.0m, leaving 52% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $5.9m to $10.4m (+76%), an average of +15% a year. The sharpest change came in the year to December 2023, when income rose by 75%. Over the whole period it spent 70% of the income it received.

Among 40,470 United States charities whose main cause is health and saving lives and that reported income, American Brain Foundation 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 95th percentile, and in the 95th percentile within MN. Charities of a similar size with the same main cause include Wasco County Nursing Care Inc ($10.4m), Scenic Bluffs Health Center Inc ($10.4m) and Paso Del Norte Childrens Development Center ($10.4m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 97% of the total. Compensation of current officers, directors and key employees was $419k (8.5% of expenses). Other salaries and wages came to $646k. It paid $41k in professional fundraising fees. At year end it held assets of $21.9m against liabilities of $2.4m, net assets of $19.5m. It reported 10 employees.