Branch15 Inc

Analysis

Branch15 Inc is a registered charity in United States, based in Bethany, OK. It received its IRS tax-exemption ruling in July 2014, 12 years ago. Its declared purposes cover housing and shelter, which this site groups under housing and shelter. 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, Branch15 Inc reported income of $866k and spending of $852k, spending 98% of its income. Across the 5 years on record, from December 2019 to December 2023, income grew from $331k to $866k (+161%), an average of +27% a year. The sharpest change came in the year to December 2020, when income rose by 119%. Over the whole period it spent 78% of the income it received.

Among 15,864 United States charities whose main cause is housing and shelter and that reported income, Branch15 Inc sits at the 69th percentile: it is larger than about 69% of them. Against every charity in United States with reported income it ranks in the 78th percentile, and in the 79th percentile within OK. Charities of a similar size with the same main cause include Pennsylvania Affordable Housing Corporation ($866k), Weatherization Inc ($866k) and Rose of Sharon7 ($866k).

On its Form 990 for the period ending December 2023, revenue came from contributions and grants 74% and program service revenue 13% of the total. Compensation of current officers, directors and key employees was $62k (7.3% of expenses). Other salaries and wages came to $256k. At year end it held assets of $1.2m against liabilities of $29k, net assets of $1.2m. It reported 23 employees.