Brians Foundation of Hope

Analysis

Brians Foundation of Hope is a registered charity in United States, based in New Rochelle, NY. It received its IRS tax-exemption ruling in September 2010, 16 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 December 2023, Brians Foundation of Hope reported income of $144k and spending of $2,147, leaving 99% of income unspent that year. Across the 2 years on record, from December 2022 to December 2023, income grew from $13k to $144k (+1030%), an average of +1030% a year. The sharpest change came in the year to December 2023, when income rose by 1030%. Over the whole period it spent 2.4% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brians Foundation of Hope sits at the 41st percentile: it is larger than about 41% of them. Against every charity in United States with reported income it ranks in the 46th percentile, and in the 44th percentile within NY. Charities of a similar size with the same main cause include We Are Brave Together Inc ($144k), Brotherhood Ride Inc ($144k) and Pine Country Resource Conservation & Development Area Inc ($144k).

On its Form 990-EZ for the period ending December 2023, revenue came from contributions and grants 81% of the total. At year end it held assets of $363k against liabilities of $0, net assets of $363k.