Brackens Kitchen Inc

Analysis

Brackens Kitchen Inc is a registered charity in United States, based in Garden Grove, CA. It received its IRS tax-exemption ruling in February 2014, 12 years ago. 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, Brackens Kitchen Inc reported income of $7.9m and spending of $6.8m, spending 85% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $2.5m to $7.9m (+216%), an average of +33% a year. The sharpest change came in the year to December 2020, when income rose by 97%. Over the whole period it spent 82% of the income it received.

Among 72,936 United States charities whose main cause is other charitable purposes and that reported income, Brackens Kitchen Inc sits at the 94th percentile: it is larger than about 94% of them. Against every charity in United States with reported income it ranks in the 94th percentile, and in the 94th percentile within CA. Charities of a similar size with the same main cause include Heritage Group Homes Inc ($7.9m), Lake Forest Graduate School of Management ($8.0m) and Strafford Learning Center ($7.9m).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 70% and program service revenue 22% of the total. Compensation of current officers, directors and key employees was $351k (5.2% of expenses). Other salaries and wages came to $1.4m. At year end it held assets of $6.5m against liabilities of $1.1m, net assets of $5.4m. It reported 54 employees.