Braven Incorporated

Analysis

Braven Incorporated is a registered charity in United States, based in Chicago, IL. It received its IRS tax-exemption ruling in June 2014, 12 years ago. Its declared purposes cover youth development, which this site groups under children and youth development. 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 June 2023, Braven Incorporated reported income of $30.8m and spending of $17.6m, leaving 43% of income unspent that year. Across the 5 years on record, from June 2019 to June 2023, income grew from $14.3m to $30.8m (+115%), an average of +21% a year. The sharpest change came in the year to June 2021, when income rose by 99%. Over the whole period it spent 58% of the income it received.

Among 14,332 United States charities whose main cause is children and youth development and that reported income, Braven Incorporated sits at the 100th percentile: it is one of the largest 1% in its cause. Against every charity in United States with reported income it ranks in the 98th percentile, and in the 98th percentile within IL. Charities of a similar size with the same main cause include Boys and Girls Club of Greater Milwaukee Inc ($30.3m), Playworks Education Energized ($31.0m) and National Boy Scouts of America Foundation ($29.4m).

On its Form 990 for the period ending June 2023, revenue came from contributions and grants 93% and program service revenue 5.1% of the total. Compensation of current officers, directors and key employees was $405k (2.3% of expenses). Other salaries and wages came to $9.4m. At year end it held assets of $43.1m against liabilities of $3.2m, net assets of $39.8m.