Brazilian American Center - Brace

Analysis

Brazilian American Center - Brace is a registered charity in United States, based in Framingham, MA. It received its IRS tax-exemption ruling in February 2015, 11 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, Brazilian American Center - Brace reported income of $691k and spending of $417k, leaving 40% of income unspent that year. Across the 5 years on record, from December 2019 to December 2023, income grew from $251k to $691k (+175%), an average of +29% a year. The sharpest change came in the year to December 2022, when income rose by 70%. Over the whole period it spent 75% of the income it received.

Among 62,758 United States charities whose main cause is poverty relief and that reported income, Brazilian American Center - Brace sits at the 70th percentile: it is larger than about 70% of them. Against every charity in United States with reported income it ranks in the 75th percentile, and in the 75th percentile within MA. Charities of a similar size with the same main cause include Friends of Matenwa Inc ($691k), Neighbors Helping Neighbors ($691k) and Elevation Worldwide Foundation ($691k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 95% and program service revenue 2.3% of the total. Compensation of current officers, directors and key employees was $67k (16% of expenses). Other salaries and wages came to $171k. At year end it held assets of $525k against liabilities of $25k, net assets of $500k. It reported 10 employees.